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A long-dormant Ethereum (ETH) wallet suddenly sold all $4.18 million worth of its ETH on Tuesday, according to the crypto tracker Lookonchain.
The wallet had held on to 2,591 ETH since November 2018, when the second-largest crypto asset by market cap was trading at around $110.

Ethereum is trading at $1,634 at time of writing, meaning the whale’s ETH holdings skyrocketed by a staggering 1,385% in nearly five years.
Lookonchain notes the whale swapped the Ethereum for the stablecoins USDT and DAI.
It’s not the only large wallet to dump its Ethereum holdings after a long period of inactivity: Lookonchain also reports that a different whale had been dormant for two years before transferring 10,000 ETH worth $16.5 million last week. It later deposited 10,000 ETH to the crypto exchanges Binance, KuCoin, and OKX via three addresses.
According to the blockchain tracker, that second whale also transferred another 10,000 ETH this week.
Ethereum whales have demonstrated bearish behavior in the second and third quarters of 2023, according to the crypto analytics firm Santiment.
Explained Santiment’s director of marketing Brian Quinlivan in late August,
“There has been about a 4-month-long dump in supply from addresses holding between 10 and 10,000 ETH.
They really were accumulating significantly at the end of last year, but profit taking from these key tiers happened hard and quickly right as the price was hitting around a 1-year high of approximately $2,120.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Ethereum Wallet Suddenly Sells All Its ETH for Millions in Stablecoins After Lying Dormant for Nearly Four Years appeared first on The Daily Hodl.


A long-dormant Ethereum (ETH) wallet suddenly sold all $4.18 million worth of its ETH on Tuesday, according to the crypto tracker Lookonchain. The wallet had held on to 2,591 ETH since November 2018, when the second-largest crypto asset by market cap was trading at around $110. Ethereum is tradin...

dailyhodl.com

Ethereum Wallet Suddenly Sells All Its ETH for Millions in Stablecoins After Lying Dormant for Nearly Four Years

The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps) and projects built on the Celo network. 
Rapid P2P Stablecoin Payments
Opera, the global web innovator, recently announced the launch of a blockchain-based wallet built on the Celo blockchain. In a press statement, Opera said the wallet known as Minipay makes it easier and more affordable for people “across Africa to acquire and to send or receive stablecoins.”
The wallet, which is incorporated into the Opera Mini web browser, will initially enable “rapid and seamless P2P [peer-to-peer] stablecoin payments.” According to the press release, the integration of Minipay into the Opera Mini browser will also expose both current and new users of the browser to decentralized apps (dapps) and projects built on the Celo network.

‘Pivotal Moment in the World of Digital Finance’
Commenting on what has been described as a “cutting edge partnership” between Opera and the Celo Foundation, Jørgen Arnesen, the EVP Mobile at Opera, said:
Users in Nigeria, Kenya, Ghana, and South Africa have indicated that there are lingering concerns about high fees, unreliable service uptimes, a lack of transparency around transaction progress, and a lack of access to mobile data. This partnership therefore represents a pivotal moment in the world of digital finance, with the ability to send, receive, and ultimately earn money in a permissionless way.
Hailing the partnership with Opera, Celo Blockchain co-founder Rene Reinsberg said his team is relishing closely collaborating with a company which has a global footprint, local insights, and technical capabilities. Reinsberg also suggested that the integration of the Minipay wallet into the browser could turn out to be “the ‘killer’ use case the Web3 industry has been waiting for.”
Meanwhile, the press statement also revealed that the stablecoin wallet will initially be operational in Nigeria only before expanding to Kenya, Ghana, South Africa, and other African countries.
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What are your thoughts on this story? Let us know what you think in the comments section below. 


The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps...

news.bitcoin.com

Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users

Business magnate Mark Cuban has reportedly been hacked to the tune of hundreds of thousands of dollars worth of digital assets.
According to a new report by DL News, the billionaire’s MetaMask wallet was hacked and 10 different crypto assets worth $870,000 were stolen from him.

The report finds that Cuban had Ethereum (ETH), Lido staked Ether (stETH), SuperRare (RARE), and Ethereum Name Service (ENS) tokens stolen from him, as well as various unspecified stablecoins. The transfers were first spotted on the blockchain explorer Etherscan by pseudonymous crypto sleuth Wazz.
As stated by Cuban to DL News,
“Someone got me for 5 ETH. I went on MetaMask for the first time in months. They must have been watching…
 I’m pretty sure I downloaded a version of MetaMask with some shit in it.” 
According to Cuban, the hack occurred when he logged into his account from his phone to clean it up. He says he was unaware of what was happening until DL News contacted him.
Once he was notified, Cuban started locking up his other assets or moving them to other platforms, such as the top US-based crypto exchange Coinbase. None of the billionaire’s other accounts were exploited by the bad actors.
 “MetaMask crashed a couple times. I just stopped. Then you emailed me. So I locked my NFTs (non-fungible tokens) on OpenSea. Transferred all my Polygon in the account… 
Since I was only working with the account that got hacked, none of my others gave up anything.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report appeared first on The Daily Hodl.


Business magnate Mark Cuban has reportedly been hacked to the tune of hundreds of thousands of dollars worth of digital assets. According to a new report by DL News, the billionaire’s MetaMask wallet was hacked and 10 different crypto assets worth $870,000 were stolen from him. The report finds t...

Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report

Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase.
Mark Cuban’s Metamask Wallet Drained by Hackers
Cryptocurrency worth hundreds of thousands of U.S. dollars has been evidently stolen by hackers from a hot wallet owned by American entrepreneur Mark Cuban. The billionaire confirmed to crypto media he was the victim of an attack.
The suspicious movement of funds from the wallet, which had been inactive for 160 days, was first noticed by blockchain sleuth Wazz (X handle @WazzCrypto) on Friday.

Lmao, did Mark Cuban’s wallet just get drained?
Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5
— Wazz (@WazzCrypto) September 15, 2023
In a matter of minutes, amounts in various cryptocurrencies, including stablecoins and tokens, worth a total of $870,000 were drained, according to the transaction history of the Metamask wallet identified as ‘Mark Cuban 2’ on Etherscan.
Cuban confirmed the hack of his wallet to the crypto news outlet DL News. “I went on Metamask for the first time in months. They must have been watching,” he said, adding: “I’m pretty sure I downloaded a version of Metamask with some shit in it.” The wallet crashed several times.

In a later transaction, around $2 million worth of USDC was also sent to a different wallet. Cuban revealed that he had transferred the remaining assets to Coinbase Custody. He also said that he locked his non-fungible tokens (NFTs) on Opensea and transferred all his polygon, too. Crypto intelligence firm Arkham pointed out:

Mark Cuban’s address “mcuban” was drained for $870K last night.
What some may have missed is that the damage could have been MUCH worse. Cuban had ~$2.5M USDC on Polygon, in the same wallet!
Luckily, he managed to transfer it to Coinbase without the hacker realizing. pic.twitter.com/DVoygYC88f
— Arkham (@ArkhamIntel) September 16, 2023

Mark Cuban’s investing in the crypto space hasn’t gone without issues. In 2021, he lost on an investment in a project named Iron Finance when the value of its stablecoin called titan evaporated, wiping out his holdings as well.
Prominent members of the crypto community have also suffered from hacks. Days ago, Vitalik Buterin’s account on X, formerly Twitter, was breached to promote a crypto scam resulting in the loss of over $690,000 for those who fell for the fraud. The founder of Ethereum later confirmed he was the victim of a SIM swap attack.
What are your thoughts on incidents like the hacking of Cuban’s crypto wallet and Buterin’s X account? Tell us in the comments section below. 


Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase. Mark Cuba...

Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost


Tether has frozen the wallet address of the hackers after they drained around $2.7 million from the Remitano crypto exchange.



This month, there have been multiple instances of hacks on centralized exchanges. The Remitano exchange becomes the latest target of hackers.



Hackers Transferred Funds to HitBTC Exchange



The blockchain security platform Cyvers Alerts first informed the users about suspicious withdrawal transactions from the Remitano exchange. Further, blockchain analytic firm PeckShield mentioned that Tether has frozen two addresses on Ethereum (ETH) and TRON blockchain.



Out of the total stolen funds, around $1.4 million consisted of USDT. Hence, Tether’s action must have potentially saved the amount of money from further being transferred. However, the hackers have already swapped USDC and Ankr for ETH and transferred it to the HitBTC exchange.



Click here to learn about the 13 best no-KYC crypto exchanges for 2023.



The flow of funds stolen from the Remitano exchange. Source: X (Twitter)



The community appreciated the prompt action from Tether. Also, on Aug. 1, the USDT issuer blocked scammers’ addresses after they stole $20 million through a zero-transfer attack.



Remitano Exchange Assures Users Post Hack



Remitano updated users about the incidents and took responsibility for the safety of users’ funds. The team wrote on X (Twitter):




“By far, we guarantee that your assets are still fully protected and will not be subjected to any unexpected losses by this incident.”




However, a community member has raised concerns, highlighting the amount. They replied to Remitano:




“You guys have been hacked for $2.7M and you are claiming that all the assets are safe?”




In its forum, Remitano cited that the hack was due to a compromise of sensitive information. However, it has not elaborated more on the specifics of “sensitive information.” 



The exchange is further investigating the matter. Meanwhile, it has transferred users’ funds to cold wallets to enhance security.



BeInCrypto has reached out to Remitano Exchange but has yet to hear back.



Since early September, there have been multiple incidents of hacks on centralized platforms. On Sept. 4, BeInCrypto reported that hackers stole around $41 million from crypto betting platform Stake.



Then, on Sept.12, crypto exchange CoinEx became the victim of a $27 million hack. Blockchain experts believe North Korea’s Lazarus Group is responsible for this incident.



Do you have anything to say about the Remitano hack or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).



For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
The post Tether Comes to Rescue as Remitano Exchange Suffers a $2.7 Million Hack appeared first on BeInCrypto.


Tether froze the wallet address of hackers who stole around $2.7 million from the Remitano crypto exchange, potentially saving $1.4 million in USDT from being transferred further.
The post Tether Comes to Rescue as Remitano Exchange Suffers a $2.7 Million Hack appeared first on BeInCrypto.


Trust Wallet price	$0.776004
Low - High 24H	$0.772968 - $0.782952
Market cap	$323.42M
Volume 24H	$4.80M
All time high	$2.72 -71.48% December 11th 2022
All time low	$0.002776 27853.03% June 9th 2020
Genesis date	N/A

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