Radiant Capital hack loot don double to $94M through ETH trading
De Radiant Capital hack attaqka exploit one multisignature wallet wit macOS malware for October 2024. E sell 9,631 ETH thru strategic ETH trading for average price of $4,562 get 43.9 million DAI. When price drop to $4,096, e use 8.64 million DAI buy back 2,109.5 ETH. Di wallet now get 14,436 ETH and 35.29 million DAI, valuate di stolen portfolio about $94.6 million—gain $41.6 million since di hack. Blockchain analytics firm Lookonchain talk say di gain na because dem keep most funds for ETH during im rally. Di Radiant Capital hack na North Korea-linked AppleJeus person de behind am. Even though FBI and security firms dey involved, e still rare say dem go recover di stolen funds. Traders suppose dey watch ETH trading risks tied to big hacker-held reserves.
Neutral
Di one unified summary show say di Radiant Capital hacker don double di loot reach over $94 million through timed ETH trading, e dey hold big ETH reserve but no sign say dem go liquidate immediately. Dis one mean say immediate pressure on ETH price no too much, but traders suppose still dey watch for any possible future sell-offs from di hacker holdings. Overall, di impact on ETH trading sentiment fit be neutral, as market don absorb di hack proceeds without any big change for price dynamics.