A Ethereum wallet associated with multiple high-profile DeFi hacking incidents suddenly resumed activity after approximately 12 months of silence, sparking significant market attention. On-chain data shows that the wallet recently sold off over $2 million worth of various mainstream cryptocurrencies, highlighting the ongoing risks of cryptocurrency theft.
According to on-chain analysis platform Lookonchain, on December 30th, this Ethereum address sold large amounts of tokens including UNI, LINK, CRV, and YFI in a single transaction. The sale included approximately 226,961 UNI tokens worth about $1.36 million; 33,215 LINK tokens valued at nearly $410,000; 845,806 CRV tokens worth around $328,000; and more than 5 YFI tokens valued at approximately $17,500. Additionally, the address also liquidated or reduced holdings of other tokens.
On-chain tracking indicates that this wallet is closely linked to the 2021 Indexed Finance hack and the 2023 KyberSwap attack. Indexed Finance was attacked that year due to flash loan and price manipulation vulnerabilities, resulting in losses of about $16.5 million. The attacker claimed their actions complied with smart contract rules, sparking widespread controversy over DeFi mechanism design.
Later, in November 2023, the Elastic liquidity pool of KyberSwap was repeatedly exploited across multiple blockchains, draining nearly $49 million. Following the attack, the hacker even attempted to extort the protocol team by offering to return some assets, further shaking the market.
In February 2025, U.S. law enforcement released indictment documents accusing 22-year-old Canadian suspect Medjedovic of carrying out the two aforementioned attacks. Prosecutors stated that he laundered the stolen assets through mixers and cross-chain bridges, and pressured the KyberSwap team after the attacks. The suspect remains at large.
The reactivation of this wallet also reflects the severe risks of cryptocurrency theft in 2025. According to Chainalysis data, the estimated losses from crypto asset theft in 2025 range between $2.7 billion and $3.4 billion. Over 60% of these losses are related to centralized platforms, and many incidents are believed to be connected to North Korean hacking organizations. Although the average loss per individual wallet has decreased, the overall security situation remains grim.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute pullback of 1.00%: Large capital selling and leveraged derivatives amplify short-term volatility
2026-04-06 16:45 to 2026-04-06 17:00 (UTC), ETH saw a brief 1.00% drop within 15 minutes; the price fell from 2168.6 USDT to 2140.3 USDT, with a swing of 1.31%. This round of abnormal price movement has drawn market attention, with heightened short-term volatility and a corresponding increase in trading volume.
The main driver behind this move is on-chain data showing that large ETH transfers of more than $10M per transaction were concentrated into a certain major exchange; the related net inflow of funds reached as high as 6,617.12 ETH. After the funds arrived,
GateNews1h ago
Grayscale transferred 8,136 ETH to a certain CEX about 2 hours ago, worth approximately $17.5 million
Gate News update: On April 6, according to Arkham monitoring, 2 hours ago, Grayscale transferred 8,136 ETH to a certain CEX, worth approximately 17.5 million USD.
GateNews2h ago
ETH short-term rises 0.59%: large funds clustered buying drives it, and liquidity shocks amplify volatility
From 14:15 to 14:30 (UTC) on 2026-04-06, the ETH price realized a return of +0.59%. It traded within the USDT 2142.15 to 2165.93 range, with an amplitude of 1.11%. The short-term rise was accompanied by a clear increase in trading volume; market attention improved, and real-time sentiment showed bullish/positive buying pressure, with volatility intensifying.
The primary driver of this unusual move is that a large amount of capital entered and concentrated in the market in a short period of time. On-chain data shows that during this window, the total trading volume across ETH’s main trading pairs increased by about 20%, and many individual orders were greater than 500 ETH; the indicators are significant.
GateNews3h ago
BitMine position update: holds over 4.8 million ETH and 198 BTC, with total assets of $11.4 billion
BitMine released a holdings update on April 6. The total value of its crypto assets and moonshots reached $11.4 billion. It holds ETH, BTC, and multiple equity positions, and has been approved to upgrade from NYSE American to the NYSE main board. The stock will begin trading in the new market on April 9.
GateNews5h ago
Financial and Crypto Expert Reveals Two Reasons to Be Bullish on Ethereum Over Bitcoin
Financial and crypto expert reveals two reasons to be bullish.
Specifically, he says he is more bullish on Ethereum over Bitcoin.
He states that an ETH investment now could be the best investment ever.
The crypto community has been debating the pros and cons of Bitcoin and altcoins
CryptoNewsLand6h ago
