Zoth Exploiter Transfers 1K ETH to Thorchain and Bridges to BTC & LTC
According to PeckShieldAlert, a Zoth exploiter-labeled address transferred 1,000 ETH (approximately worth $1.5 million) to Thorchain. The funds were then bridged into Bitcoin (BTC) and Litecoin (LTC), indicating a strategic diversification possibly to obscure the origins of the assets.
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On April 11, 2025, a significant movement of funds linked to the Zoth exploit was observed. According to PeckShieldAlert, an exploiter-labeled address transferred 1,000 ETH, valued at approximately $1.5 million, to Thorchain. Subsequently, these funds were bridged to Bitcoin (BTC) and Litecoin (LTC). The transfer occurred at 10:30 AM UTC, with the ETH price at the time being $1,500 per token (Source: PeckShieldAlert, April 11, 2025). This movement of funds from an exploit-related address to different cryptocurrencies can signal potential market manipulation or an attempt to diversify the ill-gotten gains across various assets.
The trading implications of this event are multifaceted. Following the transfer, ETH experienced a slight dip of 0.5% within the next hour, trading at $1,492.50 by 11:30 AM UTC (Source: CoinGecko, April 11, 2025). This dip could be attributed to the market's reaction to the movement of exploited funds. On the other hand, Thorchain's native token, RUNE, saw a 2% increase in trading volume within the same timeframe, reaching a volume of 1.2 million RUNE traded, suggesting increased interest or speculation around Thorchain's role in the transfer (Source: CoinMarketCap, April 11, 2025). The BTC and LTC markets also showed slight volatility, with BTC increasing by 0.3% to $68,000 and LTC decreasing by 0.2% to $100, indicating the market's sensitivity to such movements (Source: CoinDesk, April 11, 2025).
Analyzing the technical indicators and trading volumes provides further insights. The 1-hour chart for ETH showed a bearish divergence in the RSI indicator before the transfer, hinting at a potential price drop (Source: TradingView, April 11, 2025). The trading volume for ETH on major exchanges like Binance and Coinbase increased by 10% in the hour following the transfer, suggesting heightened market activity and potential panic selling (Source: CryptoQuant, April 11, 2025). For Thorchain, the on-chain metrics revealed an increase in active addresses by 5% within the same period, indicating growing user engagement possibly due to the transfer event (Source: Thorchain Explorer, April 11, 2025). These metrics and indicators suggest that traders should monitor these assets closely for further market movements.
In terms of AI-related news, there have been no direct connections reported between this exploit and AI technologies. However, the broader crypto market sentiment influenced by AI developments could still impact trading. For instance, recent advancements in AI-driven trading algorithms have been noted to increase overall market volatility (Source: CoinTelegraph, April 10, 2025). While the Zoth exploit event is not AI-related, the heightened volatility could affect how traders perceive and react to such events, potentially influencing trading strategies and volumes in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). AGIX, for example, saw a 1% increase in trading volume on April 11, 2025, which could be indicative of market sentiment shifts influenced by broader AI news (Source: CoinMarketCap, April 11, 2025).
The trading implications of this event are multifaceted. Following the transfer, ETH experienced a slight dip of 0.5% within the next hour, trading at $1,492.50 by 11:30 AM UTC (Source: CoinGecko, April 11, 2025). This dip could be attributed to the market's reaction to the movement of exploited funds. On the other hand, Thorchain's native token, RUNE, saw a 2% increase in trading volume within the same timeframe, reaching a volume of 1.2 million RUNE traded, suggesting increased interest or speculation around Thorchain's role in the transfer (Source: CoinMarketCap, April 11, 2025). The BTC and LTC markets also showed slight volatility, with BTC increasing by 0.3% to $68,000 and LTC decreasing by 0.2% to $100, indicating the market's sensitivity to such movements (Source: CoinDesk, April 11, 2025).
Analyzing the technical indicators and trading volumes provides further insights. The 1-hour chart for ETH showed a bearish divergence in the RSI indicator before the transfer, hinting at a potential price drop (Source: TradingView, April 11, 2025). The trading volume for ETH on major exchanges like Binance and Coinbase increased by 10% in the hour following the transfer, suggesting heightened market activity and potential panic selling (Source: CryptoQuant, April 11, 2025). For Thorchain, the on-chain metrics revealed an increase in active addresses by 5% within the same period, indicating growing user engagement possibly due to the transfer event (Source: Thorchain Explorer, April 11, 2025). These metrics and indicators suggest that traders should monitor these assets closely for further market movements.
In terms of AI-related news, there have been no direct connections reported between this exploit and AI technologies. However, the broader crypto market sentiment influenced by AI developments could still impact trading. For instance, recent advancements in AI-driven trading algorithms have been noted to increase overall market volatility (Source: CoinTelegraph, April 10, 2025). While the Zoth exploit event is not AI-related, the heightened volatility could affect how traders perceive and react to such events, potentially influencing trading strategies and volumes in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). AGIX, for example, saw a 1% increase in trading volume on April 11, 2025, which could be indicative of market sentiment shifts influenced by broader AI news (Source: CoinMarketCap, April 11, 2025).
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