“Three High-Profile Exploiters Have Taken Advantage of Ether’s Rally to Liquidate Stolen Funds, Pocketing Tens of Millions in Extra Profits.”, – WRITE: www.coindesk.com
In Three Separate Case, On-Chain Data, Revealed By X Account Embercn, Shows Hackers Strategicly Liquidated Their Holdings for Tens of Millions in Profit.
The Radiant Capital Exploiter, Who The Protocol Alleges is a North Korean Entity, Drained AROUND $ 53 Million in Assets from the Defi Protocol Last October. They Convertred Much of Their Haul Into 21,957 ETH AT ROUGHLY $ 2,414 per Coin, Only to Sell 9.631 Eth for $ 44 Million Wrtho of StableCoins Theis Week.
They Still Control 12.326 ETH ALONGSIDE The STABLECOIN PROCEEDS, FOR A Combined $ 101 Million, ARUND $ 48.3 Million More than the Value of the Original Stolen Assets.
A Similar Playbook Emerged from the Infini Exploit in February. That attacker siphoned $ 49.5 Million in USDC and Boughs 17.696 Eth at $ 2.798 Each.
While Laundering 5,000 ETH Through Tornado Cash, They Also Sold 3.540 ETH FOR $ 13 Million Werth of Stablecoins at An Average $ 3.762. The ethy raly had the swelled the Value of their reminder, Netting An Extra $ 25.15 Million on Top of the Initial Theft.
The Third Case Was an Unidentified Exploiter Who stole 17.412 Eth from Thorchain and Chainflip in March Sold Those Holdings for $ 33.9 Million Dai At $ 1,947.
In june, they re-Entered the Market, Buying 4.957 ETH AT $ 2.495 Before Selling Them Early Friday for $ 22.13 Million Wrth of Stablecoins at $ 4,464, Profiting $ 9.76 Million.
The Three Hacks All Played Part in A Rampant 18 MONHS FOR HACKERS, With INVESTORS LOSING $ 3.1 Billion in the First Half of 2025 and $ 1.49 Billion in 2024.
X Icon
The FIRM, LED BY MIKE NOVOGRATZ, Projected ITS Deal with AI Cloud Firm Coreweave Could Generate $ 1 Billion in Annual Revenue Over 15 Years.
- Galaxy Has Secured $ 1.4 Billion in Funding to Expand ITS Helios Data Center in West Texas, Aiming to Boost AI and HPC Capabilites.
- The Finance Covers 80% of Construction Costs and Follows a Long-Term Lease Agreement with Coreweave for 800 Megawatts of Power Capacity.
- Galaxy’s Data Center Expansion Is Part of A Broader Trend as Tech Firms Seek More Power and Computing Resources Amid Growing AI Competition.
Read Full Story