- Hackers lost $13M by panic selling ETH.
- Trading errors led to massive losses.
- Event highlights trading and security issues.
Six hacker wallets reportedly incurred $13.4 million in losses by panic-selling Ethereum (ETH) amid the market crash on October 10, 2025, according to data from Lookonchain.
The incident highlights the skill disparity between executing sophisticated hacks and effective trading, influencing market volatility and underscoring risks in crypto management under stress.
The market chaos on October 10, 2025, saw six hacker wallets incur major losses totaling $13.4 million by panic-selling and repurchasing ETH. The move highlights trading errors despite their sophisticated hacking capabilities.
Linked to a cybercriminal group, six wallets made poor trading decisions, resulting in significant financial losses. They were previously identified as having exploited DeFi protocols and exchanges using advanced techniques.
The financial market felt the immediate impact, with losses mainly affecting hacker-controlled funds. Ethereum’s price volatility increased, directly influencing other cryptocurrencies, although no institutional funds or fresh investments were impacted.
The hackers’ actions underscore risks for individuals involved in illegal activities. Blockchain data confirmed their panic-induced trades during market upheaval, revealing the contrast between their technical prowess and trading inefficiency.
The trading errors serve as a critical reminder of poor capital management under stress. Hacker losses highlight potential new strategies in crypto risk management and the importance of handling assets during market fluctuations.
Insights from this situation suggest potential changes in managing and monitoring illicit funds. Historical data shows a lack of success in panic trading during market downturns, raising possible regulatory interest in monitoring hacker transactions.
“These hackers panic-sold 7,816 $ETH ($29.14M) at $3,728 during the market drop, losing another $3.37M!” – Lookonchain, Blockchain Analyst, Lookonchain.
