Radiant Capital hack loot doubles to $94M via ETH trading
Radiant Capital hack attacker exploited a multisignature wallet with macOS malware in October 2024. He sold 9,631 ETH via strategic ETH trading at an average price of $4,562 for 43.9 million DAI. When the price dipped to $4,096, he used 8.64 million DAI to repurchase 2,109.5 ETH. The wallet now holds 14,436 ETH and 35.29 million DAI, valuing the stolen portfolio at about $94.6 million—an increase of $41.6 million since the hack. Blockchain analytics firm Lookonchain attributes these gains to keeping most funds in ETH during its rally. Attribution of the Radiant Capital hack points to North Korea-linked AppleJeus. Despite involvement from the FBI and security firms, recovery of the stolen funds remains unlikely. Traders should monitor ETH trading risks linked to large hacker-held reserves.
Neutral
The unified summary shows that the Radiant Capital hack attacker has doubled the loot to over $94 million through timed ETH trading, holding a large ETH reserve but with no signs of imminent liquidation. This means there is limited immediate pressure on ETH prices, though traders should stay alert for potential future sell-offs from the hacker’s holdings. Overall, the impact on ETH trading sentiment is likely neutral, as the market has absorbed the hack proceeds without major shifts in price dynamics.