Hacker Repurchases 3,000 ETH at $2,769 Each Using 8.3 Million DAI

The hacker responsible for the Bitrue breach has made a significant move by repurchasing 2,999 ETH using 8.3 million DAI at an average price of $2,769 per ETH. This transaction, which occurred on June 12, 2025, at approximately 10:00 AM UTC, involved the conversion of DAI into ETH and the subsequent laundering of 4,600 ETH, valued at around $12.65 million, through Tornado Cash. The hacker's address still holds 8.04 million DAI and 3,510 ETH, indicating potential for further market activity. This incident raises immediate security concerns for the Ethereum market and DAI holders, with potential short-term volatility in ETH prices and on-chain activity. The hacker's actions suggest a strategic move to capitalize on lower ETH prices, potentially increasing their holdings at a reduced cost. The use of Tornado Cash, a privacy protocol, further complicates tracking the hacker's movements and adds a layer of complexity to the security landscape. The remaining assets in the hacker's wallet could signal future buying or swapping activity, impacting DAI/ETH trading pairs on decentralized exchanges. Traders and investors should closely monitor on-chain flows and exchange inflows for sudden shifts in liquidity and market sentiment. The broader implications of this hack extend beyond the crypto market, as institutional investors and traditional markets may also be affected by the heightened risk and volatility associated with such security breaches.

The anonymous Bitrue hacker, infamous for a $23 million theft from the exchange in April 2023, executed another bold move by buying back 3,000 ETH. Using sophisticated on-chain strategies, the hacker continues to impact the crypto market. Upon selling 4,207 ETH at peak prices in March 2024, the hacker strategically repurchased nearly 3,000 ETH at a significant discount, employing $8.3 million in DAI. These maneuvers enhance their ETH holding, indicating practiced market knowledge. The ETH market witnessed immediate fluctuations, prompted by the hacker's purchase, which represented significant liquidity shifts. Such activities underline persistent concerns regarding whale traders and their ability to influence market dynamics temporarily. No official response from Bitrue or major regulatory bodies is available at this time. The crypto community monitors these activities, assessing heightened risks associated with large, anonymous trades via Tornado Cash. Expert insights suggest increased ETH market volatility due to these actions, although regulatory adjustments remain unaddressed. This case reflects recurring themes in cryptocurrency security and transparency, challenging both financial stability and market trust.