Hackers are enriched with ETH rebound: come USD $ 83 million in profits

By Hannah Pérez

Computer pirates behind three infamous robberies are watching ETH profits in the middle of the price increase. They bought and sold ETH at the perfect time, watching combined profits for more than USD $ 80 million.

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• Not only legitimate investors: hackers also benefit from the rise in the price of ETH
• The attackers behind the robberies to Infini and Radiant Capital sell Ether at higher prices.
• Together, three hacker groups see profits for more than USD $ 80 million in ETH.
• They changed and sold ETH at the perfect time; Just before this Friday’s correction.

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The investors of Ethereum (ETH) have been observing amazing profits as the second largest cryptocurrency approached its maximum historical price close to USD $ 5,000 this week. And they have not been the only ones.

Three hacker groups have capitalized the recent increase in the price of ETH to liquidate stolen assets and pocket extraordinary profits, according to a viral publication published today by the user @embercn in X.

With ETH, overcoming the USD $ 4,800 at the beginning of the week, the attackers have transformed their illicit ankle boots into tens of millions of dollars, unleashing once again the debates about persistent security and vulnerabilities in the cryptocurrency space; specifically in the decentralized finance ecosystem (DEFI).

Hackers benefit from the sale of Eleh stolen

Chain data Arkham Intelligencecited by @embercn, they show that one of the robbers who has seen profits is responsible for theft of Radiant Capitaloccurred in October 2024.

This attack, which is suspected was executed by a North Korean piracy organization, resulted in the subtraction of approximately USD $ 53 million in assets. Initially, the attacker turned a large part of those funds into 21,957 ETH at a price of around USD $ 2,414 each, this week began to sell them obtaining approximate profits of 98%.

For three days, the hacker of Radiant began to get rid of 9,631 ETH per USD $ 43.9 million in Stablecoinsleaving in his wallet 12,326 eth, which, added to the balance in Stablecoinsresults in a total of USD $ 101 million, An increase of USD $ 48.3 million over the original stolen value.

The hackers of Infiniwhich extracted almost USD $ 50 million in USDC to the protocol in February, are others that have benefited. According to chain data, after acquiring 17,696 Eth A USD $ 2,798 each, the attacker washed 5,000 ETH via Cash tornado and sold 3,540 ETH for USD $ 13.3 million in Stablecoins to an average of USD $ 3,762. This week, thanks to ETH’s rebound, its remaining assets They have generated just over USD $ 25 million in profits.

The third case involves an unknown hacker who obtained 17,412 ETH from platforms such as Thorchain and Chainflip In March, selling them for USD $ 33.9 million in DAI to USD $ 1,947 each. After having reinvested about USD $ 12.4 million to buy again ETH in June, the malicious actor He opted Friday for liquidating about 5,000 ETH for USD $ 22 million in exchange for Stablecoinsgetting a gain of USD $ 9.76 million.

More than USD $ 80 million in combined profits

The catalyst for the gains combined for around USD $ 83 million for the three hackers, the rally rally has been largely Ethereum In recent weeks. The second largest cryptocurrency climbed up to USD $ 4,780 on Monday, taking up a last time price height in 2021 as the monthly profits extended in more than 55%.

Institutional and corporate appetite by Ethereum It has promoted the significant increase, which in turn has revalued the stolen assets maintained by attackers. This rebound has allowed hackers to liquidate their holdings at an optimal time, turning cryptocurrencies into Stablecoins and maximizing its benefits, as shown in chain data.

“This is clearly the ‘bullish cycle’ of hackers 😭”wrote @embercn in his Friday publication, highlighting how these actors have executed precision purchase and sale strategies, even surpassing many legitimate merchants.

Pirates sold just before correction

The aforementioned hack cases are not isolated, and are part of a worrying tendency in the world of cryptocurrencies, where robberies have reached record levels. So far from 2025, losses for USD $ 3.1 billion have been reported due to hackeos compared to USD $ 1.49 billion lost in 2024, according to a report by HACKEN.

The amount lost in cryptocurrency security violations increased in July, with hackeos related losses raising $ 142 million, – a 27% more than in June, according to a separate report from Peckshield.

While experts warn that the lack of robust security measures on Defi platforms remains a Achilles heel, hackers demonstrate a growing ability to exploit vulnerabilities and benefit from market fluctuations. This particular trio saw the perfect window to sell, just before a correction generalized in the market.

ETH has fallen 2% in the last 24 hours to negotiate around USD $ 4.440, according to data from Coingckoeven with an increase of more than 10% in the week. Bitcoin Change hands below USD $ 118,000 at the time of editing.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

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