- Hackers lost $13.4M during ETH panic sell.
- Technical skills don’t guarantee trading success.
- Market volatility impacts even experienced hackers.
Six hacker-linked wallets lost over $13.4 million during the October 10, 2025, crypto market crash, selling Ethereum at the bottom and rebuying at higher prices.
The incident underscores the gap between hacking expertise and trading acumen, impacting Ethereum’s market amidst analysis by blockchain sleuths, without hacker commentary.
Six hacker-linked wallets experienced losses over $13.4 million during a market crash. They sold and repurchased Ethereum at adverse times, highlighting a disparity between their hacking expertise and trading skills during the market upheaval.
These wallets were associated with known hackers within the DeFi sector. They orchestrated their actions during the October 2025 chaos, reflecting their organized, yet trading-inept, nature according to blockchain sleuths like Lookonchain.
The sell-off sharply influenced the Ethereum market, causing increased volatility. This action underscored how technical proficiency in hacking does not necessarily translate to effective trading decisions during market disturbances.
Financial repercussions were significant, with ETH valuing at $3,728 per token during the panic sale, directly affecting market dynamics. The hacker group’s subsequent repurchase at higher prices compounded their financial detriment.
Historical analysis reveals hackers often fail at managing stolen funds in volatile conditions. This incident underscores ongoing challenges where hacker techniques outpace their market trading acumen, reflecting gaps exploited by on-chain analytical tools. “In total, 6 hacker wallets have lost over $13.4M recently from buying high and selling low on $ETH!” — Lookonchain, Blockchain Analyst, CoinDesk
