Ethereum Hack: $5.4M Lost in Phishing Scandal — Can ETH Overcome $1,850 Resistance?

According to reports, the Ethereum hacker of the $9.6 million zkLend exploit has lost more than fifty percent of the stolen ETH after accidentally depositing it into a Tornado Cash phishing site. Bizarrely, the attacker who confessed in an on-chain message that they had been scammed also stole funds from the decentralized lending protocol in February. The paradox? One more cybercriminal targeting a hacker as a target. For even those who believe they are impervious, this event underlines the risks of phishing in digital currency.

How the Ethereum Hacker Lost $5.4M

The cybercriminal tried to launder the funds with Tornado Cash after he took 2,930 ETH in a February attack on zkLend. But they sent the ETH to a bogus phishing site pretending to be Tornado Cash instead of using the actual mixing service. The stolen funds, valued at around $5.4 million, vanished straight away.

In an on-chain message to zkLend via Etherscan, the Ethereum hacker admitted their mistake, writing, “Hello, I tried to move funds to a Tornado, but I used a phishing website, and all the funds have been lost. I am devastated. I am terribly sorry for all the havoc and losses caused.”

Although this obvious remorse, blockchain data indicates 25 ETH was later shifted to access another wallet, indicating the Ethereum hacker could still own some funds. This ironic twist serves as a stark reminder that cryptophishing scams spare no one, not even hackers looking to launder stolen money. Let’s take a look at the Ethereum price prediction to see how these developments impact the price of ETH.

Ethereum Price Prediction for April 1, 2025

The 5-minute chart of Ethereum (ETH/USDT) shown here shows major support and resistance lines. After rebounding from support levels of about $1,820 and $1,780, the price is heading toward a resistance area around $1,850. With an RSI of 71.91, which implies an overbought condition, one would expect a possible pullback or consolidation. Since past overbought indicators caused a price correction, a comparable situation could arise.

Chart 1: Analysed by vallijat007, published on TradingView, April 1, 2025

Supporting the continuing uptrend, the MACD line (blue) is above the signal line (orange), showing bullish momentum. Still, a MACD cross downward might point to a reversal. In total, the price is at a vital resistance level. More upside momentum is possible if it breaks above here. Still, refusal at this level can cause a retreat toward support areas. Before making choices, traders should follow volume and confirmation indicators.

Final Takeaway: A Hacker’s Humiliation and Ethereum Hack

The expensive mistake of the Ethereum hacker, losing $5.4M to a phishing scam while laundering stolen ETH, epitomizes crypto’s merciless irony. Even exploiters fall prey to deception despite their technical acumen, hence emphasizing the ubiquitous dangers of phishing in decentralized environments. Meanwhile, Ethereum’s overbought RSI and bullish MACD signal caution: a rejection at $1,850 could trigger profit-taking, testing $1,780 support. This story offers a double lesson: market greed usually comes before recklessness, and cybersecurity awareness is absolutely necessary. In a world where hackers hack hackers, who’s *really* safe? Stay alert, verify everything, and maybe avoid phishing sites.

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