strong buy
Infini Hacker Cashes Out After Profit Surge
The Infini hacker, after earning a profit of $11 million from ETH, has begun to cash out and transfer funds. According to on-chain analyst Yu Yan, the hacker started selling and transferring ETH following their gains. On February 24th, Infini was hacked for about 49.5 million USDC. The hacker converted USDC into 17,696 BTC at a rate of $2,798 each, and has not operated since then. After five months, with ETH surpassing $3,400 today, the hacker’s ETH holdings are now worth $60.5 million, up from $11 million. Consequently, the hacker has taken action: selling 1,770 ETH to acquire 5.878 million DAI, and depositing 5,001 ETH into Tornado Cash.
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AI Analysis
The recent activity of the Infini hacker reflects a strategic decision to capitalize on the recent increase in ETH value, which suggests a calculated approach to maximize gains before potential market...
AI Recommendation
Investors should approach the current market with caution, considering the recent profitability and activity of compromised assets. The hacker's cashing out and asset transfer activities could lead to...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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