Hacker Moves 2,000 ETH Through Tornado Cash After $7.5M Exploit
- Attack Overview: The hacker executed a sophisticated counter-MEV honeypot attack, draining $7.5 million from the well-known MEV bot operator Jaredfromsubway, highlighting security vulnerabilities and fierce competition in the sector.
- Money Laundering Tactics: The hacker laundered 2,000 Ether (ETH) valued at approximately $3.44 million through the privacy mixer Tornado Cash, demonstrating advanced techniques in obscuring the origin of stolen funds.
- Regulatory Challenges: Despite being sanctioned by the U.S. Treasury in 2022, Tornado Cash was still utilized by the hacker for fund mixing, underscoring ongoing challenges for regulators in tracking illicit crypto flows.
- Market Implications: This incident serves as a warning regarding the security of the MEV ecosystem and emphasizes the necessity for rigorous security audits and risk management for automated trading strategies, potentially impacting investor confidence moving forward.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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