NewsSignals AI analysis·X·Oct 30, 2026

Hacker Converts $158M in Stolen Altcoins Into 70,480 ETH

Grade Abearish AI signal$ETH

A hacker converted approximately $158.25 million of stolen altcoins into 70,480 ETH. The sales included 7.02 million UNI worth $39.63 million, 217.5 million ENA worth $33.93 million, 7.77 trillion PEPE worth $31.66 million, 2.57 million LINK worth $26.05 million, and 127,953 AAVE worth $14.27 million. Other sold assets included 21.85 million ONDO worth $6.62 million and 17.32 million WLD worth $6.09 million. The affected tokens declined by as much as 15% after the attack. Frozen assets include 1.77 billion USDT, 823 million USDC and 74.56 million ARB. The hacker reportedly still holds about $23 million in FUN, ZAMA, ZRO and RSR. Reported total holdings also include 495,724 ETH, 18,270 BTC, 682.9 million TRX and 970,545 SOL. ETH is the attacker’s main on-chain settlement asset following the conversions.

Bullish strength: 32/100

The 70,480 ETH portfolio shift reflects demand for ETH liquidity

Bearish strength: 68/100

Hacker swaps $158M in altcoins for ETH
Potential major ETH selling pressure and rising security risks

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

Cryptocurrencies Pare Losses After $6.3 Billion Hack Spooks Markets — Update

A reported $6.3 billion Binance security breach triggered a sharp crypto sell-off, making it potentially the largest crypto heist on record. Binance froze approximately $3 billion in assets, pledged to cover all hacking losses, and suspended transactions while investigating the breach, while Bitcoin and Ethereum recovered part of their initial declines. The incident could intensify crypto market volatility and undermine confidence in centralized exchanges if further losses or wider industry disruption emerge.

Crypto Selloff Looks Contained Relative to Size of Hack — Market Talk

Crypto markets have demonstrated notable resilience following what is likely the largest crypto hack ever, with proactive responses from exchanges and protocols helping contain the fallout. Bitcoin pared losses to 0.5% and Ethereum to 0.4%, recovering from earlier declines of around 3% as exchanges, including Binance, responded to the theft of billions from Binance-linked wallets. The limited downside despite the scale of the breach could help ease fears about crypto market vulnerabilities and support sentiment.

Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

A massive crypto selloff triggered $1.53 billion in leveraged liquidations over 24 hours, with forced closures overwhelmingly hitting traders betting on higher prices. Bitcoin and ether accounted for approximately $857 million in liquidations, while Binance recorded $754.6 million following its security breach, which reportedly affected $6.3 billion in assets. Continued long liquidations could intensify downside pressure, although a short squeeze during the rebound may accelerate a recovery.

Ethereum Client Updates Address Certificate Risk in Teku and Besu

Ethereum client teams have released security updates to address certificate trust-store exposure linked to compromised eMudhra certificate-authority keys. Teku 26.10.3 is recommended for the incident, while Besu 26.10.2 removes affected certificate roots from its Docker images, with no reported successful exploit affecting default mainnet Teku nodes. The incident could reinforce concerns about Ethereum infrastructure security and operational maintenance, but the targeted fixes may limit broader risks to ETH.