Do you want to know how many investors left the crypto market? Read crypto market news and analytics from Elliptic and CryptoQuant on the number of bitcoin millionaires, investor behavior, OpenSea data theft, and the bankruptcy of troubled hedge fund Three Arrows Capital.
CryptoQuant in the report points to a small outflow of investors. Only 11% sold assets and left the crypto market. Although experts predicted this figure to 70%. The fact is that most investors have converted their cryptocurrencies into stablecoins and are just waiting for a new breakthrough.
Elliptic (an analytics company) blames Lazarus hackers for hacking the Horizon bridge. This is indicated by a number of similarities with the Ronin bridge hack in the spring, which was also blamed on North Korean hackers. Experts say that hackers have already laundered 41% of the stolen funds through the Tornado Cash cryptomixer.
There are 80,000 fewer Bitcoin millionaires. Their number has decreased by 75% since November last year due to the prolonged crypto winter. Recall that at the previous peak, when bitcoin was worth $69 thousand, there were more than 108.88 thousand addresses with BTC worth over $1 million. Now there are only 26.28 thousand.
OpenSea is back in the middle of a scandal. This time, another portion of user emails got into the network. The blame for this lies with the employee of the Customer.io platform who leaked confidential information. The NFT marketplace warns users about possible phishing attacks.
Three Arrows Capital (a troubled hedge fund bankrupt) was liquidated by a court decision. The bankruptcy will be handled by Teneo Restructuring Limited. Its employees will deal with the liquidation of all assets and the payment of debts to creditors.
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