Bitcoin surpasses $23.5k, approaches $24k

The Cream Finance exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre, Peckshield tweeted.

Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on Jan. 30.

The exploiter had transferred 2,070 Ethereum — roughly $3.3 million — to the same platform since Jan. 9, according to Etherscan data.

The exploiter was moving funds from a $119 million exploit in October 2021, according to another blockchain security firm, Certik. At the time, the attacker used multiple flash loans to raise the price of yUSD and borrowed more assets than the attacker collateralized on the decentralized finance application.

TradeOgre exchange

TradeOgre is a small crypto exchange with minimal know-your-customer policy and anti-money laundering compliance.
The exchange’s website shows that it focuses on privacy coins and there are no signs of an email address or a phone number for customer support. It’s Twitter account also appears deserted — last updated Nov. 28, 2022.

Today’s price movement represents a five-month high for Bitcoin.

The price of Bitcoin rose above $23,500 at 4 p.m. UTC on Jan. 29. That value brought the asset’s market cap above $452 billion.
The change represents a 3.65% increase from the asset’s lowest value today ($22,157). Bitcoin’s price gained nearly $1,350 by that measure.

Today’s movement represents a five-month high, as the crypto asset is approaching $24,000 for the first time since August 2022.
Bitcoin additionally saw $32 million in total liquidations, over 75% short liquidations.

Ethereum, meanwhile, is up 5,7% over 24 hours, while the entire cryptocurrency market is up a more modest $40 billion over the same period. The global crypto market cap has now remained over $1 trillion for eight consecutive days, the longest time since June 2022.

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