Ethereum's 195,000 ETH Problem: The Binance Hacker Holds Coins No One Can Freeze

Three Things to Know A suspected Binance hack left one attacker address holding a large Ether stash that no issuer can freeze. Ether trades below both its 50-day and 200-day averages, and sellers still steer momentum. Traders are watching support near $1,940 in case the wallet starts selling. Binance is working through a suspected hack that drained billions from its wallets on Oct 29. Tether and Circle froze most of the stolen stablecoins within hours, but the Ether stayed out of reach. That leaves a large block of ETH sitting idle in a single address. Ether was already sliding before the breach, so any sale would hit a weak market. Traders now want to know whether the attacker will sell the coins slowly or hold them.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.