Radiant Capital Hacker Converts Stolen Funds Amid Market Activity

Recent blockchain analysis by Yu Jin reveals the activities of the Radiant Capital hacker, who has been converting stolen funds following a significant market upswing. The hacker recently purchased 4,914 ETH for $4,167 each and subsequently sold 3,931 ETH at $4,726 each, accumulating a total of 18.57 million DAI within the past few hours. This follows earlier activities on August 14th when they sold 9,631 ETH at $4,562 each and then purchased 4,914 ETH for $4,167 each on August 20th. The hacker’s actions have seen the stolen asset’s value grow from an initial $53 million to $104 million. These include 13,300 ETH valued at $62.63 million and 42.03 million DAI.