Hacker-Linked Wallet Sells $2.11M in UNI, LINK, CRV and YFI After Year of Silence
A wallet previously linked to the Indexed Finance and Kyber Network exploit (address 0x3EBF) resumed activity after roughly one year and sold approximately $2.11 million worth of crypto assets, according to on-chain monitor Lookonchain. Disposed tokens and estimated values: 226,961 UNI (~$1.36M), 33,215 LINK (~$410K), 845,806 CRV (~$328K), and 5.25 YFI (~$17.5K). The movement indicates the exploiter or associated party is liquidating holdings from the earlier incidents involving Indexed Finance and Kyber Network. Traders should note the sizable UNI and LINK sell pressure from a wallet tied to past exploits, which could briefly affect liquidity and price action for those tokens on spot and DEX markets. This report provides market information only and is not investment advice.
Bearish
The wallet sold large quantities of UNI and LINK—especially 226,961 UNI (~$1.36M) and 33,215 LINK (~$410K)—which constitutes tangible sell pressure tied to a wallet associated with past exploits. Such concentrated disposals by an exploiter-linked address often cause short-term downward pressure on affected tokens’ prices and can reduce liquidity on certain pools or DEXes while markets absorb the supply. Historically, similar events (hacker-linked wallet selloffs) have led to transient price dips and increased volatility for the specific tokens (e.g., prior exploit proceeds being dumped). Impact is likely short-term and token-specific rather than marketwide: UNI and LINK may see immediate downside or choppiness, while CRV and YFI exposure here is smaller and less likely to move their markets materially. Longer-term effects depend on whether further disposals occur or if funds are moved through mixers/OTC channels; repeated dumps would sustain bearish pressure, whereas one-time sales have limited lasting impact.