A blockchain wallet connected to Infini’s $50 million breach has begun moving funds again after almost a year of silence.
The address recently bought a large amount of Ethereum
One month after the incident, the company filed a case in Hong Kong against a developer and several unnamed individuals it believed were involved.
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On March 24, Infini also sent an on-chain notice to the attacker’s wallet. The message named developer Chen Shanxuan and three unidentified people with access to the wallets used in the exploit.
Despite these steps, the attacker still controls the stolen funds. Data from Arkham shows that the wallet labeled the “Infini exploiter” bought about $13.3 million worth of Ethereum when the price was $2,109.
The address later moved the Ethereum to Tornado Cash, a tool often used to mask transaction paths.
Lookonchain commented on the activity in a post on X:
He seems very good at buying low and selling high.
Infini’s breach began when someone with retained administrative access moved the firm’s USDC
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