Another hacker update.
We're looking at about 12mill left in the hacker's hot wallet. He's been draining it at a rate of ~2.6mil per hour.
If he doesn't start draining from his cold wallet, we should see the dump ending in ~5hours. (7:30AM Server time)
The current rate of price drop puts us at around 3100 sats at that time, if buys do not increase.
If hacker begins dumping from cold wallet at same rate, we are expected to see the the dump end in ~12 hours. (2:30PM Server time)
If buys do not increase, we may hit 3000 satoshi.
It is possible, but unlikely that we have missed a transaction that went to a 3rd wallet. Myself and others are checking every transaction from hackers wallets, and following them through a series of other wallets, and eventually into exchanges.
It appears the hacker is using some sort of mixer software to generate addresses and automate transfers between them, as well as trade bots on exchange accounts created with stolen or fake IDs. Most of the dumps are happening on Bittrex and Huobi.
This just might be our last day for cheap XEM.
edit/ @fragout he must be using a series of accounts so they don't get flagged, or so that he can stay one step ahead. He is not depositing extra large sums at a time, but running them through address mixers, and making small deposits at a time.
It is possible that he is buying his own XEM to add an extra level of trickery, but after debating the issue at length with others, we all pretty much concluded that it would be stupid for him to do that. This hacker needs to unload the XEM, and never touch it again. Simply by having a xem or xem wallet, or any interest in xem, he puts himself in a tiny minority of the population. - And if he were buying back the xem, the market price would reflect that.
The hacker/s are clearly smart. S/he or They will most likely mix the BTC from sales into various other coins, run them through tons of addresses, and eventually turn it into fiat of some sort.
/edit