Mystery Millionaire Dumps $10M in BAN on Gate, Incurs $3.15M Loss

In a significant development, an unidentified entity has deposited $10.21 million worth of BAN into Gate, a leading cryptocurrency exchange, within the past hour. However, the transaction has resulted in an unrealized loss of $3.15 million, indicating a substantial decline in the value of the deposited assets.

This news comes amidst a backdrop of increased activity in the cryptocurrency market, with another large investor, often referred to as a "whale," depositing $6.45 million worth of RAY to a centralized exchange (CEX) over the past three days. This transaction also incurred a total loss of $1.517 million, suggesting that the market is experiencing a period of volatility.

Meanwhile, in a separate development, Beosin, a blockchain security firm, has reported that the hacker behind the recent Bybit hack has started transferring funds from their new address. This follows the completion of all asset transfers from the hacker's old address, indicating that the hacker is actively moving their ill-gotten gains.

In response to the Bybit hack, the mETH protocol team has successfully recovered 15,000 cmETH, demonstrating the effectiveness of the protocol in mitigating the impact of the hack. This recovery is a positive development for the mETH community and serves as a reminder of the importance of robust security measures in the cryptocurrency ecosystem.