How Crypto Hackers Crash ETH – When Will It Recover?

North Korean Hackers Crash ETH: $27M Dump Sparks Market Panic – What’s Next?

Crypto moves fast, and so do hackers. In the past 24 hours, Ethereum ($ETH) took a major hit—dropping nearly $200. The reason? A massive sell-off of stolen funds. Here’s how it happened, who’s behind it, and when ETH might recover.

 The $27M ETH Sell-Off That Shook Markets

• 14,064 ETH (~$27M) was dumped on-chain in a coordinated sell-off.
• The sudden influx of supply triggered a cascading price drop, pushing ETH down $200+ in 24 hours.
• The selling wallets were freshly funded, suggesting a large-scale hack liquidation.

2️⃣ The Culprit: North Korea’s Lazarus Group

• The wallets are linked to Lazarus Group, a notorious North Korean cybercrime syndicate.
• Their latest exploit? Draining 401,000 ETH (~$1.5B) from Bybit in a sophisticated breach.
• Lazarus has a long history of crypto theft, including the 600MRoninBridgehack∗∗and∗∗600MRoninBridgehack∗∗and∗∗100M Horizon Bridge attack.

3️⃣ How the Dump Crushed ETH’s Price

• Large Sales → Increased Supply → Lower Prices
• The $27M sell-off triggered algorithmic trading bots and stop-loss liquidations, worsening the drop.
• Whales & market makers capitalized on fear, amplifying volatility for profit.

4️⃣ Is This Market Manipulation?

• Smart money thrives on panic.
• Hackers dump stolen ETH → Retail traders panic-sell → Whales scoop up ETH at a discount.
• Once selling pressure eases, rebounds typically follow as liquidity stabilizes.

5️⃣ When Will ETH Recover?

• Selling is slowing, but market absorption takes time.
• Historical Precedent: ETH has rebounded after past Lazarus dumps (e.g., Ronin Bridge aftermath).
• Key Recovery Factors:
  • Bitcoin’s stability (if BTC holds, ETH follows)
  • No further major hacker liquidations
  • Buyers stepping in at lower levels

6️⃣ What Should You Do Now?

✅ For Buyers:

• This dip could be a strategic entry point if ETH stabilizes.
• Watch for 1,500–1,500–1,600 support before accumulating.

💎 For Holders:

• Don’t panic-sell at the bottom—ETH typically recovers post-hack.
• Monitor whale accumulation patterns for signs of reversal.

📊 For Traders:

• Watch for bullish divergence on lower timeframes (4H/1D).
• A reclaim of 1,700–1,700–1,800 could signal the rebound phase.

🔴 Risk Warning:

• If more hacked ETH hits the market, another drop is possible.
• Keep an eye on Lazarus-linked wallets for further movements.

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Final Take: While the dump was brutal, ETH has historically recovered from Lazarus attacks. The key now is patience—once the selling exhausts, a rebound becomes likely. Stay alert for accumulation signs. 🚀