#PeckShieldAlert FTX Accounts Drainer 0x866e...01a has swapped ~5k $ETH ($5,929,250.00) for 347 $renBTC ($5,798,697.17) pic.twitter.com/fLYC2oR4eV
— PeckShieldAlert (@PeckShieldAlert) November 20, 2022

Crypto market sheds billions

$83,368.00
1.11%$1,801.35
1.53%$2.17
5.80%$595.95
1.67%$119.67
4.45%$0.999945
0.00%$0.169947
4.21%$0.659869
4.06%$0.23643
-0.59%$1,800.37
0.96%$83,264.00
0.98%$8.94
-4.37%$12.88
3.22%$3.29
-2.11%$1.00
0.01%$0.256911
0.72%$2,159.95
1.73%$18.23
1.86%$2.25
3.76%$0.00001229
1.95%$0.16179
1.56%$83.13
1.19%$3.97
-1.11%$6.26
-0.35%$302.45
1.64%$4.50
0.50%$0.99913
-0.10%$1.00
0.58%$1,801.22
1.64%$0.656646
27.41%$1,916.28
1.50%$216.75
0.91%$11.89
6.46%$27.52
-0.76%$5.88
2.41%$51.37
8.84%$1.047
0.10%$0.0000071
3.39%$4.88
2.56%$2.45
0.64%$22.44
3.23%$83,373.00
0.99%$32.50
-2.30%$0.093642
-0.33%$0.812706
2.13%$0.735163
-0.30%$16.22
2.01%$5.04
0.20%$153.75
5.59%$1.16
-0.21%$4.94
4.23%$0.994617
-0.08%$1.00
0.00%$0.02192138
1.55%$217.86
5.24%$9.27
0.28%$0.326792
10.89%$83,187.00
1.37%$2.73
-0.98%$4.04
0.44%$0.06488
0.20%$3.17
0.44%$0.188843
-0.06%$0.504523
4.63%$2.73
2.98%$0.186428
3.17%$0.312313
2.80%$82,783.00
0.88%$10.17
0.84%$0.78539
-2.14%$0.70092
2.04%$0.438984
2.66%$1,340.82
1.91%$0.394478
4.27%$4.24
6.41%$1,801.73
1.28%$0.06846
3.85%$1,873.15
1.29%$1.053
-0.19%$68.02
1.23%$1.00
-0.31%$124.68
4.43%$0.377846
1.65%$0.748336
2.17%$0.606277
6.04%$2,038.41
1.42%$0.00001115
2.21%$1.00
0.12%$14.49
-3.85%$0.997685
-0.02%$0.01340135
0.94%$0.999733
-0.01%$8.27
1.56%$0.163722
1.68%$0.783316
2.57%$0.081628
0.34%$0.433546
-4.08%$0.837321
3.34%$3,043.88
-2.25%$82,270.00
0.62%$0.999853
0.00%$596.59
1.99%$0.562349
12.70%$1,913.29
0.86%$0.657498
3.23%$3,059.60
-1.72%$83,276.00
0.74%$0.01488115
0.96%$0.263479
2.31%$0.486608
-2.34%$0.108692
-0.92%$39.78
0.48%$5.80
5.11%$0.999896
-0.01%$0.00000063
1.53%$0.167791
4.32%$30.80
1.73%$0.370732
1.28%$153.14
3.98%$1,876.96
1.33%$1.76
-6.89%$1.84
2.86%$0.00005606
2.98%$1.001
0.07%$0.999378
0.15%$1.80
3.63%$1.87
-0.29%$3.15
4.11%$2.82
3.29%$15.20
2.21%$131.05
4.16%$0.01033091
2.91%$0.99755
-0.06%$0.528921
14.39%$0.489
18.01%$0.133637
3.87%$0.999999
0.30%$0.620188
2.79%$0.068338
-2.98%$80,980.00
-0.06%$0.999999
0.14%$0.999694
-0.00%$0.244382
3.48%$5.85
5.65%$0.00484182
1.58%$2.75
3.01%$0.436461
1.86%$0.169985
4.04%$0.399157
-0.72%$1,920.90
2.00%$0.00000043
-0.06%$83,402.00
0.84%$0.00750926
13.99%$46.65
6.31%$82,224.00
-1.14%$25.41
-6.40%$0.081382
3.61%$0.657113
1.17%$0.999639
0.16%$1.08
0.09%$110.58
0.02%$1,802.86
1.47%$1,800.21
0.81%$0.137088
2.78%$14.09
-4.22%$0.04142812
1.29%$1.12
1.45%$0.149701
-0.99%$1,802.41
1.16%$0.386855
5.38%$1.10
-0.19%$0.084629
-0.73%$0.00001924
0.51%$83,275.00
1.12%$5.63
0.77%$1,879.75
1.06%$0.178581
-1.60%$0.442617
1.96%$0.537551
2.75%$0.999522
0.04%$0.998747
0.32%$0.0065042
2.37%$3.05
3.51%$0.804493
0.18%$4.71
3.18%$0.189042
-0.40%$0.00000162
7.90%$1,835.80
2.74%$1.002
0.28%$1,802.59
2.01%$0.341641
-0.45%$1.54
5.21%$0.00005842
1.07%$0.03147533
-0.05%$0.0036927
0.83%$0.99949
-0.15%$83,123.00
0.75%$116.43
1.42%$0.03014969
1.30%$0.00898691
3.87%$0.999383
-0.02%$0.00463121
1.04%$0.35656
1.98%$0.507635
2.52%$1,776.42
1.35%$1,802.21
1.52%$0.228982
1.06%$1.11
-0.17%$2.86
0.58%$1.14
3.33%$83,215.00
0.63%$21.47
1.36%$0.589272
0.54%$0.186342
2.91%$3.28
0.46%$1,901.06
1.12%$0.219029
2.51%$3,036.94
-1.93%$0.507854
-1.27%$0.250636
9.07%$1,972.67
1.47%$0.119228
1.73%$15.00
1.19%$0.0027237
-0.90%$0.03057564
3.81%$22.03
2.74%$0.987665
7.33%$1,958.17
1.29%$0.99967
-0.04%$0.681766
7.83%$1,674.54
1.05%$0.000383
16.70%$0.100689
2.25%$0.00307622
5.99%$1,804.68
1.06%$0.03268577
1.15%$0.01128572
3.26%$0.059681
1.05%$0.999727
0.12%$18.23
2.01%$0.477071
4.09%$0.513483
-0.59%$0.999836
0.01%$0.999537
0.02%$82,978.00
2.85%$0.00446627
2.12%$0.00200876
-0.39%$0.838414
5.83%Reading
Role
Co-Founder of Ethereum
Location
Singapore
Education
University of Waterloo
Current Project
Ethereum, Bitcoin Magazine
Previous Projects
Bitcoin Magazine
Ethereum has slipped over 7% on the day as the attacker who purportedly drained FTX wallets dumped a significant portion of their accumulated ETH and traded it for Bitcoin.
Over the weekend, per blockchain tracker PeckShieldAlert, the exploiter swapped thousands of ETH for renBTC, a form of wrapped Bitcoin, before swapping the resulting tokens for Bitcoin.
According to data from Etherscan, the on-chain Ethereum holdings of the "FTX Accounts Drainer" dropped 26% from 250,735 to 185,735 over the same period.
#PeckShieldAlert FTX Accounts Drainer 0x866e...01a has swapped ~5k $ETH ($5,929,250.00) for 347 $renBTC ($5,798,697.17) pic.twitter.com/fLYC2oR4eV
— PeckShieldAlert (@PeckShieldAlert) November 20, 2022
The resulting price pressure has seen Ethereum drop by over 7% in the past 24 hours, according to data from CoinGecko.
On Sunday, Ethereum broke the $1,200 barrier, trading as low as $1118.64, a new weekly low for the cryptocurrency. At press time, ETH trades at around $1,117, with weekly losses of over 8%. Since the start of 2022, ETH has lost nearly 75% of its value.
Despite the drop in ETH’s price, the Ethereum-based NFT market has remained constructive, with NFT sales volume growing over 16% to $9.3 million over the past 24 hours, per data from Cryptoslam.
According to DefiLlama, the total value locked (TVL) across all decentralized applications (dapps) on Ethereum is down over 4% to $23.8 billion, indicating a reduction of DeFi activity during the bearish market movement.
According to data from Coinglass, $40 million worth of Ethereum futures trades were liquidated over the past 24 hours. Of the total liquidations, the majority of them (85.98%) were long trades.
The fallout from the collapse of crypto exchange FTX has seen cryptocurrency losses extend, driving the market into deep red territory.
Over the past day, the total market cap of all cryptocurrencies has slipped by over $30 billion to $832 billion, a drop of over 4%, according to data from CoinGecko.
Per CoinGecko, Bitcoin (BTC) plunged to a new weekly low of $15,976 earlier today. After staging a modest recovery, at press time, Bitcoin is changing hands at around $16,080, down 3.6% over the past 24 hours.
Nearly $71 million worth of Bitcoin futures positions were liquidated over the past 24 hours, per data from Coinglass. Of the $76 million liquidated, over 90% (around $64 million) were long trades.
Following the day’s bearish price momentum, Bitcoin is down over 76% from its all-time high of $69,044 recorded in November 2021, with the market capitalization of Bitcoin plunging from $1.27 trillion last November to under $308 billion today.
Other top 10 cryptocurrencies have also posted losses over the past 24 hours, with Dogecoin down 10%, XRP down 8.9% and Cardano down 7%.
Coinbase has now overtaken two of the world's largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts. The crypto exchange generated $5.75 billion in transaction revenue over the past 12 months, compared to just $4.54 billion for the Nasdaq, where many of the world’s most valuable companies, including Apple, Google, and Microsoft, are traded. Coinbase also surpassed the Stock Exchange of Hong Kong, the HKEX, which generated $2.67 b...
After several extended reviews since June this year, the Securities and Exchange Commission (SEC) has finally approved the first spot exchange-traded funds combining Bitcoin and Ethereum. The agency has authorized Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF, according to a filing released Thursday. "The proportion of bitcoin and ether to be held by each Trust will be based on free-float market capitalizations," the filing...
Dogecoin (DOGE) fell 12.4% in the past 24 hours as a broader market decline continues, triggered by the Federal Reserve's latest economic outlook. The meme coin has dropped to $0.31, while trading volume surged 67% to $10.25 billion as holders repositioned their bags. It's now down 35% from its 2024 high of $0.47. Despite the pullback, Dogecoin's market capitalization remains at $46.6 billion, maintaining its position as the seventh-largest crypto. Powell's hawkish comments about higher-than-exp...