Infini Hacker Strikes Again with Massive ETH Sales
The cryptocurrency community is abuzz with the latest actions of the Infini Hacker, who recently sold a staggering 1,771 ETH for approximately $7.44 million as Ethereum prices soared to around $4,202 per token. This sale follows a high-profile exploit earlier this year, marking another chapter in the hacker's audacious moves within the crypto space.
Back on February 24, 2025, the hacker exploited vulnerabilities in 0xInfini, a stablecoin bank, siphoning off $49.5 million in USDC. The stolen funds were swiftly converted to DAI and used to purchase 17,696 ETH at an average price of $2,798, showcasing a calculated strategy to capitalize on Ethereum's price appreciation.
Strategic Moves and Market Impact
As Ethereum's value climbed, the hacker began liquidating portions of their holdings. Previous sales included 1,770 ETH for $5.88 million at $3,321, and a transfer of 4,501 ETH worth $15.03 million to Tornado Cash, a privacy tool often used to obscure transaction trails. These actions highlight the hacker's intent to maximize profits while covering their tracks.
The recent sale of 1,771 ETH has sparked discussions about the potential impact on Ethereum's market dynamics. While the amount sold is a fraction of daily trading volumes, such moves by large holders—or 'whales'—can influence short-term price fluctuations and investor sentiment in the volatile crypto market.
This incident also reignites concerns over cryptocurrency security. The Infini exploit underscores the urgent need for robust security protocols, including smart contract audits and real-time monitoring, to prevent such breaches. For individual investors, it serves as a reminder to adopt stringent personal security measures like two-factor authentication and cold wallet storage.
Maria Lourdes
