Ethereum News Today: InfiniExploiter Sells 1771 ETH for $7.44 Million Amid Ethereum Rally

Generated by AI AgentCoin World
Monday, Aug 11, 2025 1:16 am ET1min read
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Aime RobotAime Summary

- InfiniExploiter, linked to a $49.5M exploit of the Infini protocol, continues liquidating Ethereum holdings amid price surges.

- Sold 1,771 ETH ($7.44M) on Aug 11, following a July 17 sale of 1,770 ETH ($5.88M) and using Tornado Cash for anonymity.

- Still holds 9,154 ETH ($38.85M), highlighting challenges in tracking and recovering assets via privacy tools and staggered sales.

- The incident underscores evolving cybercriminal tactics in crypto, leveraging decentralized exchanges and privacy protocols to evade detection.

The InfiniExploiter, a hacker linked to a $49.5 million exploit of the Infini protocol in February 2024, has continued to liquidate

Ethereum
holdings amid a sustained price rally. On August 11, the wallet behind the attack sold 1,771 ETH at $4,202 per unit, generating $7.44 million in proceeds. This follows a previous large-scale sale of 1,770 ETH on July 17, which netted $5.88 million at $3,321 each [1].

The initial attack saw the InfiniExploiter convert the stolen funds into 17,696 ETH, at an average price of $2,798. As Ethereum prices climbed in mid-2024, the wallet began a series of calculated exits, selling portions of its holdings at increasing price points to maximize gains. On July 17, the exploiter also sent 4,501 ETH—valued at $15.03 million—through Tornado Cash, a privacy mixer commonly used to obscure the origins of illicit assets [1].

Despite these sales, the InfiniExploiter still holds 9,154 ETH, valued at approximately $38.85 million as of August 11. With Ethereum trading at multi-year highs, the wallet remains a key point of interest for blockchain analysts and law enforcement. The strategic use of privacy tools and staggered sales has made tracking and recovering the assets increasingly challenging.

The continued activity from the InfiniExploiter highlights the evolving tactics used by cybercriminals in the cryptocurrency space. The use of decentralized exchanges and privacy-focused protocols demonstrates a deep understanding of both market dynamics and the limitations of current blockchain surveillance capabilities [1].

The Infini protocol remains in the process of recovering from the breach, while the broader DeFi community continues to assess the long-term implications of such exploits on trust and security in decentralized financial systems.

Source:

[1] https://coinmarketcap.com/community/articles/689979f5293c2f21371c1881/