Wallet Linked to Hacker Transfers 3,003 ETH Worth Nearly $5.9 Million

Hacker-linked Activity Sparks Concern with Major ETH Transfer

According to a recent report from Onchain Lens, a wallet address 0x4b61...beb6 believed to be linked to hacking activities has executed a transaction drawing significant attention.

3,003 ETH Converted to WBTC, Transaction Value Hits $5.89 Million

The wallet exchanged 3,003 ETH at a rate of approximately $67,700 per ETH, converting it into 87 WBTC. The total value of the transaction reached $5,890,000, which was subsequently transferred to another address.

On-chain Movement Raises Security Alarms

This action has reignited concerns about the security of fund flows on the blockchain, especially regarding large transactions and potential coin mixing. Analysts are closely monitoring the final destination of these funds.