It has been another gruesome day in the cryptocurrency market, with Bitcoin price sliding to $16,000. Ethereum, the second-largest cryptocurrency, dropped further down the rabbit hole and is trading 5% lower on the day at $1,117. The sell-off accompanied a 3.6% decline in the crypto market cap to $830 billion.
The entity or individual who made away with $600 million from the fallen FTX exchange has been busy moving funds after a couple of days of swapping cryptocurrencies. The news reverberated across the crypto space on Monday as the "FTX Accounts Drainer" swapped Ethereum for Bitcoin via a Ren's BTC Gateway.
Before the swap, the hacker consolidated funds from different wallets. The first batch of 5,000 ETC was swapped on Sunday for 347 renBTC. This is a version of a wrapped Bitcoin executed on the Ethereum blockchain. It facilitates cross-chain value transfer and can be cashed out for the native Bitcoin.
According to PeckShieldAlert, a platform tracking the movement of the stolen funds, the first value transfer process was followed by another 344.53 renBTC on Monday, which sent the crypto market into a tailspin.
As the market bleeds, interested investors can consider buying some tokens with strong macro and technical fundamentals. Tokens like Dash 2 Trade (D2T), Trust Wallet (TWT), RobotEra (TARO), NEM (XEM) and IMPT promise massive gains despite the 2022 bear market.
Dash 2 Trade comes first among these promising presales. This platform enables the creation and testing of trading strategies for traders and investors to make informed market decisions. Dash 2 Trade is designed to take your crypto trading to the next level.
D2T is an ERC-20 token on the Ethereum Network dedicated to powering the Dash 2 Trade platform. This
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