Hacker Buys 2,109.5 ETH After Turning Stolen $53M into $103M
The hacker group responsible for stealing $53 million from Radiant Capital is actively investing in Ethereum.
Key Developments
- The exploiter's address acquired 2,109.5 ETH on DODO at an average price of $4,096.
- An investment of approximately 8.64 million DAI was made on August 20.
- Ethereum is currently trading near $4,200, having risen from a local low of $4,064 earlier today.
- The hacker has gained over $200,000 on their Ethereum holdings.
Background on the Exploit
- Radiant Capital was exploited by North Korean hackers in September 2024 via social engineering tactics involving malware embedded in a PDF document.
- The protocol has reached out to the FBI and several blockchain security firms for recovery assistance but has not succeeded.
- Funds have been dispersed across multiple addresses, with the hackers trading Ethereum for profits.
- The stolen funds reportedly increased from $53 million to about $103 million, representing a 93.5% return over ten months.