Massive Transfers Spark Fear: A 70% Crash Looms for Ethereum!
A recent $11 million Ethereum transfer has raised alarm across the crypto market. This transaction, tied to the infamous WazirX hack, has fueled concerns about a potential market sell-off. Earlier today, hackers moved the substantial stash of ETH to the crypto mixer Tornado Cash. A well-known crypto analyst issued a dire warning for the leading altcoin amid these developments.

ETH Price Drop Fears Rise After Large Transfers
Blockchain intelligence firm Arkham reported that over $11 million worth of 5,000 ETH was transferred to a new address today. Shortly after, the address sent $1.2 million to Tornado Cash in five separate transactions. Tornado Cash is a service that allows users to obscure the origin and destination of funds on the blockchain, making it a favored tool for cybercriminals. Although the service isn’t illegal, its use in high-profile hacks like this one has drawn attention.