Hackers Gain $48.3M as ETH Rally Boosts Stolen Funds
I note that three hacker groups have profited from the ETH rally — Radiant Capital's stolen assets appreciated by about $48.3 million. The gains are paper appreciation of illicitly obtained funds, but they materially increase the impact of the original exploits.
I am concerned these windfalls raise incentives to liquidate stolen ETH, which could create short-term selling pressure, attract regulatory scrutiny, and increase counterparty risk for DeFi participants. I will watch on-chain flows and recovery or enforcement developments before altering exposure.
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