Infini Hacker’s Bold ETH Sales Amid Surging Ethereum Price

Key Points

1. The Infini hacker exploited the Infini project on February 24, stealing $49.5 million and later selling 1,771 ETH for $7.44 million when ETH was trading at approximately $4,202.

2. Hackers often sell stolen crypto during price surges to maximize profits, as seen with the Infini hacker's transactions.

3. The incident underscores persistent vulnerabilities in blockchain technology, emphasizing the need for robust smart contract audits, regular security assessments, and penetration testing.

4. Users and projects can protect against digital asset theft by using strong passwords, enabling 2FA, storing crypto in hardware wallets, and conducting comprehensive security audits.

5. The broader implications of such incidents highlight the continuous battle for crypto security, requiring collective vigilance and improved security protocols.