Radiant Capital Hacker Doubles Stolen Funds Through Strategic Ethereum Trades

A hacker responsible for the $53 million Radiant Capital exploit has dramatically increased stolen funds from their initial value of $53 million to nearly $94 million. This remarkable feat was achieved through a highly-calculated Ethereum trading strategy that capitalized on price fluctuations during market events. Blockchain analysis reveals that the hacker initially sold off a substantial portion of ETH, converting it into DAI at an average rate of $4,562 before strategically purchasing back a significant quantity at a lower price point of $4,096, boosting their overall portfolio value.