Vitalik Buterin, co founding father of the Ethereum (ETH) pockets reportedly dumped an enormous quantity of ETH tokens final weekend. A pockets tracker reported that Vitalik’s dumping transactions befell in the course of the large FTX crypto change hack.
Is Vitalik Buterin promoting in FUD?
As per MistTrack, Vitalik exchanged around 3,000 Ethereum for round $4 million USDC. The transaction was proceeded on the Uniswap V3 within the three transactions on November 12.
Interestingly, Vitalik’s dump got here when the crypto world was combating with the FTX hack and crisis. Data depicts that Ethereum was buying and selling at a median worth of $1,261 on that day.
ETH costs have dropped by greater than 18% over the previous 7 days. Ethereum is buying and selling at a median worth of $1,281, on the press time. However, its costs are up by 3% within the final 24 hours.
Coingape reported that FTX, a crypto change was hit by a massive hack as hackers outflowed over $600 million in a number of transactions. The withdrawals had been swapped from Tether to DAI by the hackers. The cyber thieves additionally withdrew StETH Solana, BNB, LINK, AVAX, and MATIC from the platform.
Vitalik’s touch upon FTX disaster
As we dig in, Vitalik commented on the recent collapse of FTX on the identical day. He highlighted that the MtGox occasion seemed sketchy and by no means tried too arduous to whitewash itself. He added the Do Kwon’s Luna occasion too.
Ethereum co founder asserted that the FTX collapse and associated occasions had been the alternative and did full on compliance advantage signaling. He additional added that it’s not a very good search for EA or for a ted discuss which SBF additionally leaned into closely.
However, the SBF’s FTX disaster has triggered the market collapse. This occasion went on to fade greater than $100 billion from the crypto market in just some days. The complete market cap now stands at $854 billion.
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