Ethereum $4,644.03Following the rise in the price of the (ETH) price, the assets obtained by some cyber attackers were revealed with on-Chain data that they have disposed of with high profits. With the recent reach of the price of ETH up to $ 4,780, it is claimed that the perpetrators of the three major attacks have earned significant income. These developments led to discussion of security problems and effects in crypto money markets.
Different case studies
The Radiant Capital protocol was attacked in October and about $ 53 million assets were withdrawn from the system. The protocol claimed that the attack was carried out by a group of North Korean origin. The hackers turned a significant portion of these assets into 21.957 ETH, and as of this week, the 9,631 ETH has turned about $ 44 million fixed unit crypto currency. Radiant Capital made the following statement on the issue:
“We believe that the attack, which took place in October and withdrawn 53 million dollars from the system, was carried out by a North Korean group.”
The attackers still have 12,326 ETH and fixed unit crypto currencies. The value of the assets is calculated as about $ 48.3 million higher than the stolen amount at that time.
A similar method was observed in an attack imposed on the Infini platform in February. In this attempt, approximately $ 49.5 million fixed unit crypto currency was seized and the attackers took 17,696 ETH. Some of these assets have been removed from the system in various ways and has made an additional profit of 25.15 million dollars.
Third attack and last moves
The third attack was determined in March for Thorchain and Chainflip platforms. An unknown attacker stole a total of 17,412 ETH and turned them into a fixed unit of $ 33.9 million. In June, this person returned to the market and bought 4,957 ETH and sold it for about 22.13 million dollars in a short time. As a result of these operations, it was understood that it earned 9.76 million dollars.
These three events show that the system deficits in the digital asset market in the last 18 months are frequently abused. In the first half of 2024 and 2025, a total of billions of dollars of losses were suggested. The user of the X Platform named Embercn shared over chain data in terms of transparency of these processes.
Market and General Evaluation
Some experts about crypto money security emphasizes that users and platforms should increase security measures. The rise of ETH price means higher income for attackers. Although the chain operations allow malicious people to be followed, the transformation and moving of assets sometimes make their detection processes difficult.
The events reveal the seriousness of security vulnerabilities in the decentralized financial sector. The attackers can seriously increase the value of the assets they have seized by taking advantage of price fluctuations. This has significant risks for investors and the market.
Experts argue that the cooperation and advanced security protocols of the relevant authorities should be developed in order to prevent such events. In addition, it is recommended that community users should be aware of and monitor the process in a transparent way.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
