Infini exploiter buys $13.3M ETH dip, then routes 15,470 ETH to Tornado Cash
A wallet linked to the Infini protocol exploit resurfaced after roughly 200+ days of dormancy, spending $13.32 million in DAI to acquire 6,316 ETH at an average price near $2,109 during a recent market sell-off. On-chain analytics from Lookonchain, PeckShield and CertiK show the address then consolidated holdings and routed a total of 15,470 ETH (≈$32.6M) into the privacy mixer Tornado Cash. Historical chain activity indicates the exploiter initially stole about $49.5M in USDC in February 2025, converted stolen funds into ETH, and previously sold portions at cycle highs (notable sells near $3,322 and $4,202 per ETH). This recent move is consistent with the exploiter’s pattern of buying into local lows and selling near highs, suggesting resumed laundering rather than a simple cash-out to stablecoins. No funds have been reported frozen or recovered; investigators continue to monitor the address. Primary keywords: Infini exploiter, Tornado Cash, ETH buy dip. Secondary keywords: laundering, on-chain analytics, Lookonchain, PeckShield, CertiK.
Bearish
Short-term impact: Bearish. The exploiter’s purchase of 6,316 ETH during a market dip could provide temporary buy pressure, but the rapid routing of 15,470 ETH into Tornado Cash signals continued laundering and the likelihood of future sell pressure when funds re-enter liquid markets. Market participants often sell into moments of apparent buying by illicit actors once funds are moved through mixers or split across exchanges, increasing short-term volatility and downside risk for ETH.
Long-term impact: Neutral to mildly bearish. While the activity highlights persistent security and laundering risks that may weigh on market sentiment for Ethereum, the amounts involved (~$32.6M routed) are modest relative to Ethereum’s market cap and daily volumes. Unless the exploiter successfully liquidates large portions onto major exchanges or a larger pattern of recovered/stalled funds emerges, the event is unlikely to materially change Ethereum’s long-term fundamentals. However, continued use of Tornado Cash and similar mixers can attract regulatory scrutiny, which could influence institutional engagement and regulatory-driven volatility over time.