The hacker responsible for the Infini crypto bank breach is back in action, moving funds against the backdrop of rising Ethereum prices.
ETH Transfers by Infini Hacker
On July 17, 2025, a wallet tied to the hacker transferred 4,770 ETH to two addresses, equating to approximately $16 million at current values. This marks the first activity from the attacker since a February breach that resulted in losses of $49.5 million in USDC.
Money Laundering Strategies
PeckShieldAlert reported that 3,000 ETH were funneled through Tornado Cash, commonly used for obscuring transaction trails. A second address swapped 1,770 ETH for about $5.9 million in DAI, indicating a partial liquidation of their loot.
Infini's Response to the Hack
Following the hack, Infini attempted to negotiate with the hacker by offering a 20% bounty and no legal action for the return of funds. However, these attempts proved futile, and it seems likely that the stolen funds may be lost for good. The Infini breach ranks among the largest crypto exploits this year.
The hacker's activity and fund exit strategy further complicate Infini's recovery efforts after the significant incident.
