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Hackers Are Selling the Rally

August 15, 2025Updated:August 17, 2025No Comments2 Mins Read
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Hackers Are Selling the Rally
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Hackers Are Selling the Rally

Ether’s (ETH) current rally to $4,780 has delivered a wealth of income to a number of high-profile hackers, who’ve capitalized on the surge by offloading their ill-gotten beneficial properties.

In three separate case, on-chain knowledge, revealed by X account EmberCN, exhibits hackers strategically liquidated their ETH holdings for tens of thousands and thousands in revenue.

The Radiant Capital exploiter, who the protocol alleges is a North Korean entity, drained round $53 million in property from the DeFi protocol final October. They transformed a lot of their haul into 21,957 ETH at roughly $2,414 per coin, solely to promote 9,631 ETH for $44 million value of stablecoins this week.

They nonetheless management 12,326 ETH alongside the stablecoin proceeds, for a mixed $101 million, round $48.3 million greater than the worth of the unique stolen property.

An identical playbook emerged from the Infini exploit in February. That attacker siphoned $49.5 million in USDC and acquired 17,696 ETH at $2,798 every.

Whereas laundering 5,000 ETH via Twister Money, in addition they bought 3,540 ETH for $13 million value of stablecoins at a mean $3,762. The ETH rally has swelled the worth of their remaining stash, netting an additional $25.15 million on high of the preliminary theft.

The third case was an unidentified exploiter who stole 17,412 ETH from THORChain and Chainflip in March bought these holdings for $33.9 million DAI at $1,947.

In June, they re-entered the market, shopping for 4,957 ETH at $2,495 earlier than promoting them early Friday for $22.13 million value of stablecoins at $4,464, profiting $9.76 million within the course of.

The three hacks all performed half in a rampant 18 months for hackers, with buyers dropping $3.1 billion in within the first half of 2025 and $1.49 billion in 2024.





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