- Over the weekend, the FTX hacker made some daring plays that sent the market tumbling.
- BTC is down 4%, while Ether has shed approximately 8% of its value in 24 hours.
- Vitalik Buterin emphasized the stability of cryptocurrency’s underlying technology, the blockchain.
On Monday, the crisis caused by the fall of Sam Bankman-Fried and his once-powerful FTX crypto empire caused cryptocurrency prices to drop even more.
The FTX hacker, who stole almost $600 million from the defunct FTX exchange, disposed of the stolen cryptocurrency over the weekend. This triggered the price of Bitcoin and other cryptocurrencies to crash.
Bitcoin, the largest cryptocurrency, is down approximately 4% over the past 24 hours, while Ether, the second largest, is down nearly 8%. Dogecoin, a meme token and a gauge of the wildest speculative emotions in the digital realm, is down 11%.
FTX Hacker Dumps ETH Holdings
The…
