The hacker known as the Radiant Capital Hacker has once again caught the attention of the crypto market by turning stolen funds into significant profits.
Overview of the Hacker's Actions
The Radiant Capital Hacker has made successful trades, netting $2.76 million in profit from Ethereum trading. As a result, his current capital exceeds $105 million, which is 114% higher than the amount after the theft. This has become one of the most profitable cases of crypto theft in the past 10 months.
Success in Ethereum Trading
Just three days ago, the hacker bought 4,913 ETH worth $20.47 million, acquiring at $4,168. Then, he sold 4,131 ETH for $19.52 million at $4,726. Several days later, reports confirmed that the amount had already grown to $102.54 million, almost 93.5% in profit. The method was simple: swap the hacked funds for 21,957 ETH and wait for the market to rise.
Community Reaction to the Hacker's Moves
The hacker's actions sparked controversy within the crypto community. Traders are closely monitoring his wallet, as large sales can swing Ethereum's price. Some even suggested that if he were smart, he could continue trading to earn enough profits to return the stolen amount while retaining the profits, showcasing his transformation from a thief to a significant market force.
The tale of the Radiant Capital Hacker illustrates how stolen money can be doubled with effective management and patience. Given Ethereum's rise, a new record could also be on the horizon.
