Ethereum Price Edges Closer to a 19% Crash as Bears Shatter Key Support

Binance froze part of the stolen funds after a major breach and pledged to cover all user losses. Elliptic tied the theft to North Korea. The attacker is converting some proceeds into ETH, adding supply to a token already down sharply this month. Traders now want to know whether buyers will defend the next floor, or whether hack-driven selling keeps pushing ether lower. The exchange estimates the breach touched about $6.3 billion in crypto assets. The attacker may have used a compromised laptop belonging to a DevOps engineer.

Source: Crypto Daily