Infini hacker cashes out $16 million in ETH as stolen crypto stash swells to $59 million
2025-07-17 12:20:02
Main Idea
A hacker associated with the Infini breach cashed out $16 million in ETH, laundering part of the stolen funds through Tornado Cash, while the remaining stash has grown to $59 million due to Ethereum's price rally.
Key Points
1. The hacker moved 4,770 ETH (worth $16 million) to two addresses, laundering 3,000 ETH via Tornado Cash and converting 1,770 ETH to $5.9 million in DAI.
2. The stolen funds originally amounted to $49.5 million in USDC, which were converted to 17,696 ETH at an average price of $2,798.
3. Due to Ethereum's price surge (above $3,400), the remaining ETH stash is now worth around $59 million, reflecting a $10 million gain.
4. Infini's recovery efforts, including a 20% bounty offer, failed to retrieve the stolen funds.
5. The Infini breach is one of the largest crypto hacks of 2025, highlighting vulnerabilities in DeFi protocols and smart contract security.
Description
A dormant crypto wallet linked to one of the largest exploits of the year has sprung back to life. On 17 July 2025, the wallet associated with the Infini hack began moving funds for the first time since February, when a major security breach drained $49.5 million in USDC from the crypto neobank. The attacker has now begun liquidating part of the stolen funds—at a significant profit—amid rising Ethereum prices. The transactions have reignited concerns over DeFi security, privacy tools like Tornad...
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