Ethereum Price Down Amid AFX Trade Hack and Trading Volume Drop

The Ethereum price today stands at $1,856.90, down 1.35% in the last 24 hours.

A recent hack on AFX Trade's bridge led to the theft of 12,467.4 ETH, which was subsequently converted into BTC through THORChain.

An on-chain analyst, EmberCN, reported that the hacker began moving funds again, swapping ETH for BTC in a deliberate and gradual pattern.

BlackRock clients reportedly sold $52.76 million worth of ETH, but this figure closely matches net inflows into BlackRock's ETHA spot Ethereum ETF, raising questions about its accuracy.