Upbit Exchange was the latest exchange to be Hacked last Year 2019 and the criminals took almost $50 Million in stolen funds from the Clients that,the Management prompt announced that would restore them in favour of the clients,but the "Leak" still on investigation and at the time,the Exchange believed that the breach was an Internal job.

Since the Hacking the criminals moved the stolen funds to different wallets,trying to get away from the Authorities but all the times The whale followed those suspicious transactions.

Yesterday, January 4 they moved them again,this time was 5000 ETH (~$660,000) reported by The whale at Twitter.

How this is bad for Ethereum?

Lately the Ethereum Price is recovering and is quoted around $134 as the moment am writing the Article, and the hackers movements of the stolen assets are surely a trouble if they reach their objectives.

The Main Objectives of the criminals moving this assets is to Exchange them into others assets preferably,the ones that offer more privacy,and to achieve their intents they are sending portions of this stolen funds to several Exchanges.

One of the Exchanges they sent a small portion and that got frozen was Binance, as CZ said in a twitter from November 27 "That He'll work with UPbit and other firms to make sure that any funds coming from Hacking will be immediately Frozen at Binance".

Well that his stated from Binance until now,I believe more Exchanges have this on mind to avoid "laundering" stolen assets.

But, if the criminals reach their objectives and Dump their ETH ...the asset will face huge Reversal in price! The $50 Million from ETH stolen is not the only one that can disturb the Market evolution but there's another Ethereum "from the PlusToken fraud, that transferred 789,525 ETH (~$105,099,509) from their wallet to an unknown wallet accordingly to The Whale profile.

There's a lot of ETH left to be liquidated and many of them are from stolen and fraudulent business!...so what to expect?!..