๐ป Hacker - #holders , or How to Earn $450 Million on Ethereum
Back in 2017, a hacker stole 150,000 $ETH from the company Parity, but instead of immediately cashing out, they patiently waited 7 years before starting to sell the stolen cryptocurrency.
- ๐ต๏ธโโ๏ธ **The Hacker's Strategy**:
- Waited 7 years before selling the stolen 150,000 $ETH .
- This patience resulted in a significant increase in the value of the stolen coins.
- ๐ฐ **Financial Gain**:
- The 150,000 $ETH were worth about $33 million when stolen.
- Today, the hacker has accumulated $450 million in profits.
- ๐ **Security Implications**:
- Raises concerns about security flaws in cryptocurrency systems.
- Emphasizes the need for stronger security measures to protect against such incidents.
This case highlights the hacker's remarkable patience and the substantial gains achieved over time.
๐ Remember: Always prioritize security when dealing with cryptocurrencies.
