Last week’s crypto crash wiped out millions in stolen funds held by hackers, who panicked and lost over $13.4 million by selling ether. The hackers, part of a cybercriminal group, made coordinated sell-offs during the crash, rebuying at a loss as prices bounced back, resulting in a total loss of $13.4 million.

The hackers’ trading missteps during the market crash revealed their poor timing and emotional decision-making, with some labeling them as “great hackers, terrible traders.” The hackers likely acquired the funds through hacking, trading with assets they hadn’t earned, which may not hurt them as much as ordinary traders.

While the hackers’ actions may seem like poor trading decisions, there’s a possibility they were laundering their ill-gotten gains through these trades. The market correction on Oct. 10 triggered a $500 billion slump, affecting various traders and highlighting the impact of macroeconomic pressures and thinning liquidity in decentralized markets.

Last week’s events demonstrated that on-chain markets apply the same rules to everyone, whether they are retail traders, whales, or hackers. The missteps of the hackers reveal vulnerabilities in the crypto landscape, showing that even sophisticated attackers can falter under pressure.

Read more at Yahoo Finance: How Exploiters Panic Sold and Lost $13M During Market Chaos