Ethereum Foundation-linked wallet dumps 2,000 ETH ($3.87M), marking 4th major sale amid price declines

SlowMist issues a security alert, stating that after receiving user reports of fund theft, an investigation found that the Settlement contract of the Pennysia protocol deployed on Ethereum was exploited due to an arbitrary external call vulnerability. Attackers can use users' remaining token allowances to siphon funds. SlowMist reminds all users who have authorized tokens to this Settlement contract to revoke authorizations immediately. The contract address is 0x3aad97e5a91b8e43b7dc830aceb004307678795e, and the attacker's address is 0x813a5ab666adeba907548235fbac087642878300. On-chain data shows the related attack transaction occurred at 21:59 on November 12, with the attacker transferring out 5,006.133489 USDC, 0.05 wstETH, and 101,000 YUNO.

Indian crypto exchange Unocoin has released an update stating it has obtained the required information and instructions from custodian BitGo. BitGo froze Unocoin’s corporate account in line with the platform’s directive on November 6, and the freeze appears to be operating as expected. Unocoin said the relevant transactions were directly signed and broadcast externally on-chain, with no involvement of or routing through BitGo’s platform. BitGo’s multi-signature wallet is equipped with a backup mechanism to allow fund withdrawals even if BitGo is unavailable, and this mechanism appears to have been exploited. The exchange noted it will continue investigating the specific mechanism behind the incident, crypto asset losses, and information privacy issues, and will resume services once the probe is complete. Earlier, after detecting suspicious and unauthorized activity on November 6, Unocoin had requested BitGo and Fireblocks to immediately freeze its corporate account; no crypto asset losses were identified at that time. On November 12, Unocoin reported detecting outgoing transfers from an ETH address in its BitGo wallet used to fund ERC-20 tokens, and had notified BitGo of the issue. However, the platform was unable to fully reconstruct the transaction at the time due to the account remaining frozen and the wallet’s use of change addresses.

Whale "Set 10 Big Goals First" (@jasonleo) posted, "I’ve fully unwound leverage at this level and am just holding on for now." According to his earlier tweet, the account wrote at the end of October that it "previously closed roughly two-thirds of its long positions near $76,000 to hedge against risks similar to the Oct 11 extreme market swing. After nearly two days of observation, if BTC stabilizes in the $76,000–$78,000 range, it plans to re-add long positions and return to a full position." Separately, an abnormal large transaction on Binance’s BTC-USDT contract occurred at 13:56, with 271,000 BTC traded in a short period, totaling $19.174 billion, likely a liquidation by a contract whale.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that as ETH dropped below $2,000, an address linked to the Ethereum Foundation (0x5CB…22059) offloaded another 2,000 ETH, worth $3.868 million. Since October 26, this address has sold a total of 6,785 ETH on-chain, totaling $14.45 million; the address still holds 21,247 ETH, valued at approximately $41.1 million.

Well-known trader "Aoying" posted that Bitcoin has entered the bottom-fishing range of $68,000 to $66,000, and he has fully bought his entire core position.

According to market data, an unusually large transaction on Binance's Bitcoin USDT futures contract occurred at 13:56, with 10,296 Bitcoin traded in a short time, totaling $698 million in volume, likely a liquidation by a futures whale.