Hackers Cash In on Ether Rally with Millions in Profits

Cybercriminals are capitalizing on Ethereum’s bullish momentum, offloading stolen ETH for staggering profits as prices soar. On-chain data reveals three major hacks where attackers converted ill-gotten gains into ETH during lower valuations, only to cash out during the rally. The Radiant Capital exploiter, allegedly North Korean, turned $53 million in stolen assets into 21,957 ETH at $2,414 each, later selling half for $44 million in stablecoins while retaining $101 million in remaining holdings.

Another hacker group siphoned $49.5 million from Infini, purchasing 17,696 ETH at $2,798 before laundering some through Tornado Cash and selling portions at $3,762. Their remaining stash gained $25.15 million in value thanks to ETH’s surge. A third unidentified attacker stole 17,412 ETH from THORChain and Chainflip, selling at $1,947 before re-entering the market to profit further, netting $9.76 million from strategic trades.

These cases highlight how hackers are exploiting crypto volatility, with $3.1 billion stolen in 2025’s first half alone. The trend demonstrates both the vulnerability of DeFi protocols and how cybercriminals leverage market movements to maximize illicit gains, often converting stolen assets into stablecoins to lock in profits during price peaks.

EthereumHackersDeFiCrypto TheftStablecoinsBlockchainCybercrimeProfitsOn-Chain DataNorth Korea