2023-08-19 07:31:21
The sudden drop in the market wiped out the positions of quite a few traders, including those of the attackers who exploited the infamous BNB Smart Chain vulnerability. In that attack, nearly 600 million dollars of BNB were stolen on the sixth of October last year. PeckShield revealed on August 18 that a crypto wallet linked to the theft had more than $53 million worth of collateral liquidated by the Venus Protocol lending protocol. BNB hackers also lost a smaller amount The wallet-holding hacker used the tokens as collateral for a $30 million Tether USDT loan. August 18 was not a pleasant day for the crypto market, as the entire market was forced to suffer a 6% drop. At the time of writing, one bitcoin is already trading at a price well below $27,000. The total crypto market capitalization dropped to 1.1 trillion. The crash wiped out more than $1 billion in crypto positions in a single day. The hackers who attacked the BNB Smart Chain also received a serious blow, since at the time of writing, one BNB is only worth $217. According to blockchain data, three positions linked to the aforementioned portfolio were automatically liquidated when the price fell. There were a couple of luckier people. Shortly before the crash, a whale sold 22,341 ether for roughly 41 million forints, so he avoided a loss of 5 million dollars. And it can be fairly certain that the person was expecting something, because he still lost nearly 2 million dollars on the transaction.
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