According to on-chain analytics platform Lookonchain, the attacker behind the Jaredfromsubway incident has incurred significant losses in their fund operations. One month ago, after stealing approximately $7.7 million, the attacker converted the funds into Ethereum and sold 2,327 ETH at around $1,695 each, totaling approximately $3.94 million. Approximately 10 hours ago, they repurchased 2,063 ETH at around $1,912 each, also costing approximately $3.94 million. Based on these transactions, the attacker has incurred a net loss of 264 ETH, equivalent to about $505,000.
Jaredfromsubway Hacker Sells High, Buys Low, Loses 264 ETH
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Summary
ETH price declined as the Jaredfromsubway hacker incurred losses in the ETH market update. According to Lookonchain, the attacker sold 2,327 ETH at $1,695 each, totaling $3.94 million, one month after stealing $7.7 million. Later, the hacker repurchased 2,063 ETH at $1,912 each, spending $3.94 million. This resulted in a loss of 264 ETH, approximately $505,000.
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