4 days ago
Ether's (ETH) caller rally to $4,780 has delivered a wealthiness of profits to respective high-profile hackers, who person capitalized connected the surge by offloading their ill-gotten gains.
In 3 abstracted case, on-chain data, revealed by X relationship EmberCN, shows hackers strategically liquidated their ETH holdings for tens of millions successful profit.
The Radiant Capital exploiter, who the protocol alleges is simply a North Korean entity, drained astir $53 cardinal successful assets from the DeFi protocol past October. They converted overmuch of their haul into 21,957 ETH astatine astir $2,414 per coin, lone to merchantability 9,631 ETH for $44 cardinal worthy of stablecoins this week.
They inactive power 12,326 ETH alongside the stablecoin proceeds, for a combined $101 million, astir $48.3 cardinal much than the worth of the archetypal stolen assets.
A akin playbook emerged from the Infini exploit successful February. That attacker siphoned $49.5 cardinal successful USDC and bought 17,696 ETH astatine $2,798 each.
While laundering 5,000 ETH done Tornado Cash, they besides sold 3,540 ETH for $13 cardinal worthy of stablecoins astatine an mean $3,762. The ETH rally has swelled the worth of their remaining stash, netting an other $25.15 cardinal connected apical of the archetypal theft.
The 3rd lawsuit was an unidentified exploiter who stole 17,412 ETH from THORChain and Chainflip successful March sold those holdings for $33.9 cardinal DAI astatine $1,947.
In June, they re-entered the market, buying 4,957 ETH astatine $2,495 earlier selling them aboriginal Friday for $22.13 cardinal worthy of stablecoins astatine $4,464, profiting $9.76 cardinal successful the process.
The 3 hacks each played portion successful a rampant 18 months for hackers, with investors losing $3.1 cardinal successful in the archetypal fractional of 2025 and $1.49 cardinal successful 2024.
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