BTC falls below the $77,000 mark

The UXLINK hacker-linked address 0xde8...9524 held 30,300 ETH long positions on Hyperliquid, which initially showed a floating profit of $7.422 million in the early hours of today, but has since narrowed to $2.45 million. ETH has come under pressure and retreated due to the Binance hack.

Reserve data shows that a Binance hack resulted in the theft of wallets supporting customer assets. (Source: OKnightCrypto)

The Binance hackers have sold UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD, for a total of 70,500 ETH, worth $158.25 million.

During the Binance attack, the price of ETH on Uniswap rose to $2,560 to $2,750, with some transactions exceeding $3,000. Meanwhile, the ETH price obtained by Aave through the Chainlink oracle remained between $2,250 and $2,290. Arbitrageurs exploited this price difference by depositing USDC/USDT into Aave to borrow ETH and then selling it at a higher price on DEXs. Within six hours of the attack, 61 addresses borrowed ETH on the Aave mainnet. The address with the highest profit sold 12,289 ETH at an average price of approximately $2,580, and then bought back 12,314 ETH at an average price of approximately $2,297, making a profit of approximately $3.47 million. The top ten arbitrage addresses collectively profited approximately $6.36 million.

Arkham has flagged the hacker behind the Binance attack and verified 70 on-chain addresses associated with the hacker.