Kanye West's associated address sold 1,390 ETH within 6 hours, cashing out $3.163 million to reduce liquidation risk.

According to TechFlow, on October 30, based on monitoring by Ai Yi, approximately 6 hours after news was disclosed regarding the hacking of Kanye West's associated address on Binance, the address began selling ETH in batches. It sold 1,390 ETH worth $3.163 million at an average price of $2,275.6, incurring a loss of approximately $317,000. Currently, the address still has 19,506.17 ETH collateralized, has borrowed $27.67 million in stablecoins, and maintains a health factor of 1.31. The address will face liquidation risk if the ETH price drops to $1,689.59.