Wallet Activity Results in Significant Losses for Hacker

According to TechFlow, on July 1, a wallet identified as 0x17E0, potentially linked to a hacker, was monitored by the on-chain analysis platform Lookonchain. Three months ago, this wallet received 12,282 ETH, valued at $23.72 million, from THORChain and Chainflip. The ETH was sold at a price of $1,932. Recently, the wallet repurchased 4,958 ETH at a price of $2,495, totaling $12.37 million. This transaction has resulted in an approximate loss of $6.9 million.