Recent actions of hackers show their activity in the cryptocurrency market. They utilize stolen funds for trading, leading to different financial outcomes.
Coinbase Hacker and His Solana Investments
A wallet linked to the Coinbase hacker purchased $8 million worth of Solana. These funds were moved through stablecoins following the theft of over $330 million from Coinbase users. According to Lookonchain, the hacker swapped DAI for USDC and bought 38,126 Solana at about $209 each. Currently, Solana is priced at $202.15, resulting in slight losses.
Radiant Capital Hacker's Success in Ethereum Market
Another hacker associated with the Radiant Capital exploit transformed their stolen funds into over $105 million by using ETH. They stole $58 million in October 2024 and invested in 21,957 ETH, now worth about $103 million. Last week, the hacker engaged in trades, making a profit of $2.7 million and increasing their assets from $49.5 million to over $105 million.
Mixed Trading Results Among Hackers
Another hacker faced difficulties, losing $6.9 million by trading 12,282 ETH, but later earned $9.75 million selling 4,958 ETH. These instances highlight the varying outcomes of trading among hackers.
Trading stolen crypto assets is becoming increasingly prominent among hackers, showcasing different approaches and results in this activity.
