The first part of ETH price details review

November

October

Description

==Hacker FTX is still the 37th Ethereum whale despite selling 50k ETH==

The hacker who emptied the wallet of the FTX exchange uses the bridge technique to launder the stolen funds. The hacker started transferring ETH to his new wallet address on November 20th. It is interesting to know that the owner of this wallet was the 27th ETH whale after the hack of the FTX exchange, but after transferring his Ethereum to his new Volt, he dropped ten ranks. After transferring his ETH to the wallet with the address 0X66E, the hacker converted his Ethereum to renBTC (the ERC-20 version of Bitcoin) and connected to two wallets on the Bitcoin blockchain, as tracked. Crypto analysis group CertiK later traced the bridged renBTC to the address bc1qvd…gpedg and found that the address used a money laundering technique called peel chain to transfer renBTC. Pile chaining is a technique for laundering large amounts of digital currency through a long series of small transactions. These funds are often transferred to exchanges where they can be converted into fiat currencies or other crypto-assets. Looking at the movement of funds and the techniques involved in moving these funds, it is unlikely that the FTX wallet drain was based on recent chain activity under the control of the Bahamian government. BTC's activity is consistent with the Chinese pill technique, a form of money laundering that is highly unusual for a government agency to be involved in.

Description

The wallet known as FTX Accounts Drainer has dropped from the 27th Ethereum wallet position to the 37th after draining about 50,000 Ether worth about $58.3 million on Sunday, November 20, 2022.

According to the Financial Times, the day before FTX filed for bankruptcy, its debt was estimated at $9 billion, while it had about $900 million in highly liquid assets. Of course, the new CEO of FTX Group, Mr. John Ray, claims that this holding has other valuable assets in order to maximize the compensation of users by selling them. But even if this is true, the use of the word "maximum" indicates that not all damages are compensated.

A large part of the cash assets that we mentioned are related to the shares of the great company Robin Hood, which is considered one of the world's trade giants. According to the Financial Times, the total Robin Hood shares purchased by SBF are worth about $470 million. This amount can be considered "cash", but the rest of the exchange's assets are not.

Description

While Bitcoin struggled to stay above the $20,000 mark for a long time, it crashed and took other altcoins with it. Some altcoins, such as Solana, experienced a sharp drop, as FTX and Alameda Research invested heavily in them. The reason for the recent fall of the digital currency market was the FTX exchange crisis. Bitcoin fell to $15,600, a price that has not been seen in recent years, after the news of the suspension of withdrawals on FTX and Binance's decision not to buy the exchange. Some analysts have declared the market floor around $12,000 while warning about the high possibility of BTC falling further.

Around this news, Ethereum also dropped

The second part compares the price of Ethereum and its changes with 6 other currencies

Introduction

Description

The fall of FTX has dealt a catastrophic blow to the reputation and aspirations of cryptocurrencies. The fall from this attraction was hard and fast. Just two weeks ago, Sam Benkman Fried was very happy. FTX, his digital currency exchange, was the third largest cryptocurrency exchange at the time, valued at $32 billion. Bankman's assets were estimated at around 16 billion dollars. To Silicon Valley venture capitalists (VCS), he was a financial genius who could wow investors while playing video games and perhaps become the world's first triple winner. In Washington, he was the face of crypto, communicating with lawmakers and leading investment efforts to influence its regulation.

What Is Ethereum and How Does It Work?

At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether (ETH).

Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.

Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.

It natively supports smart contracts, an essential tool behind decentralized applications.1 Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.

Learn more about Ethereum, its token ETH, and how they are an integral part of non-fungible tokens, decentralized finance, decentralized autonomous organizations, and the metaverse.

In November, the crypto market experienced a sharp price fluctuation, especially the eth coin, now we want to examine the reasons for the drop in the price of this currency

• Official announcement of bankruptcy of FTX and resignation of SBF

  Within a week of the beginning of the story, which went from denying the case and claiming the integrity and health of the users' assets to offering to sell the exchange to a competitor and then declaring bankruptcy; FTX's reign ended and SBF filed for Chapter 11 bankruptcy in the US state of Delaware. On November 20 (November 11), the official Twitter account of FTX Holding announced that about 130 companies belong to FTX Group, including FTX Trading, FTX US, and especially Alameda Research is filing for bankruptcy in America. Sam Benkman Fried also resigned from the position of managing director of this large holding and gave his position to John Ray.

  In this regard, John Ray said that the reason for the quick action to register the bankruptcy of the FTX exchange and its subsidiaries was to reach a process for maximum reimbursement to the beneficiaries. According to FTX Group's new CEO, they have valuable assets that will only be effectively managed under an organized and collaborative process. After that, Sam Bankman Fried, referring to his very long apology tweet that he published the day before, again expressed his shame for the situation of the FTX exchange and the fall of the users' capital.

  He, who was known as the second richest person in the crypto world until ten days ago, continued his previous talks and said that he hopes to find a way to solve the problems. According to him, this will bring transparency, trust and management to them (cryptocurrency exchanges), which will ultimately benefit the customers. FTX Digital Markets, FTX Australia and FTX Express Pay have been excluded as a subsidiary of the group in the Bahamas, according to a bankruptcy filing filed by FTX Exchange. . In this announcement, nothing is seen about the possible plan of FTX Group to compensate the financial losses of the investors in this holding.

• Hacking the FTX exchange and turning a crisis into a disaster

On the same day of November, the news of the hacking of the FTX exchange bent the back of the digital currency market; At the same time as some exchange users announced that their account balances were 0, on-chain analysis tools reported the withdrawal of millions of dollars of cryptocurrency from this platform. Ryne Miller, General Counsel of FTX Holding, released a statement announcing the hacking of the exchange and requested users not to enter the website, as there is a possibility of a Trojan being downloaded to their system. He also mentioned the recovery of part of the stolen funds. In another statement, Ryan Miller announced the investigation of strange incidents related to the stabilization of stolen assets in other digital currency exchanges. He promised that as soon as he gets new information, he will make the matter known to the media. An analyst in China with the username ZachXBT on Twitter announced the value of the hacked assets at 383 million dollars in the first hours of the news while investigating the incident! He also mentioned that Tether Limited, as the operator of the stablecoin Tether (USDT) project, has frozen part of the assets of the hacked addresses, and these tokens are now labeled "FTX Accounts Drainer" on EtraScan.

FTX Group told its users that all their applications were infected with malware. Next, users were advised to remove the software related to this holding and avoid going to the websites. Users who initially logged into their accounts through the website without heeding the warnings are now reporting being unable to do so.

The hacker of Ftx exchange, which according to some sources (Bahamian government), is now actively selling Ethereum. He has drained abou==t $20 million== (Ethereum) in the last hour It still has $270 million ==(Ethereum)== in the main wallet

Hacker of FTX exchange dumping Ethereum The hacker of ==FTX== exchange, who turned the hacked assets of this exchange into ==217 thousand #ETH,== is selling hacked Ethereum On November 20, this hacker sold 25,000 Ethereum and converted it to #Bitcoin, leading to a 6% drop in the price of #Ethereum and the collapse of the entire market.

September

Conclusion

• Anything with a centralized structure is suspect by default!

**Vitalik Buterin, the mastermind behind the Ethereum development team, commented on what happened to the FTX exchange. According to this young genius, the collapse of FTX once again showed that the problem is not related to technology but to people! But what exactly did he mean? In his recent speech, the co-founder of Ethereum tried to see the glass as half full and focus on the positives that led to the bankruptcy and fall of FTX. On November 20, 2022 , he said in an interview with Bloomberg that the collapse of one of the largest centralized digital currency exchanges in the world had lessons for the entire crypto ecosystem. Vitalik Buterin believes that this incident has not questioned the concept of the distributed ledger (Blockchain) and the underlying technologies of cryptographic assets; The problem should be found in people, not in technology (Blockchain and cryptocurrencies)! The creator of the idea of ​​the Ethereum network has no doubts about the great tragedy of the FTX bankruptcy and the painfulness of this incident, but believes that the possibility of such incidents always exists, as the large Ethereum community is always worried about. The fall of FTX caused the members of this community, including Vitalik Buterin himself, to re-emphasize their stubborn opinion(**Anything with a centralized structure is suspect by default!)

Methodology

I have used

• ethereum.core.ez_dex_swaps.
• ethereum.core.ez_eth_transfers
• ethereum.core.fact_eth_balances
• ethereum.core.dim_labels
• ethereum.core.fact_hourly_token_prices
• flow.core.fact_prices
• osmosis.core.dim_prices
• solana.core.fact_token_prices_hourly

to get the charts, tables and data above.

and I got an idea from the codes of this dashboard (alik110)

About Me

Discord: superfly#5104

Twitter: superfly_5104

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