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
Ethereum (ETH) on the Edge: Critical Level Stands Between New Bull Run and a Major Crash
While the second-largest cryptocurrency has registered a significant rebound over the past month, it remains at risk of plummeting to drastically low levels during this cycle.
On the other hand, some important indicators suggest that the worst might be over and the price could be gearing up for a m
CryptoPotato11m ago
Hong Kong will include tokenized bonds in the standard financial settlement framework, and will promote a comprehensive crypto regulatory regime
The Hong Kong government plans to include tokenized bonds in the regulated financial system in the 2026–2027 fiscal budget, build a digital asset platform, and drive Hong Kong to become a digital finance hub. The Monetary Authority is planning to issue stablecoin licenses and establish a strict regulatory framework, while also facing multiple challenges that require resolving blockchain interoperability and legal alignment issues.
ChainNewsAbmedia12m ago
Record Staking: Ethereum Foundation Locks $46M Worth of ETH in a Single Day
The Ethereum Foundation recently staked over 22,000 ETH, marking its largest single-day staking move. This strategy aligns with a focus on yield generation and ecosystem support, aiming to reduce sell pressure during market fluctuations.
LiveBTCNews25m ago
ETH 15-minute price rises 0.77%: driven by increasing on-chain activity and continued inflows of institutional capital, sparking a short-term rebound
2026-03-30 21:00 to 21:15 (UTC), ETH recorded a +0.77% return rate within 15 minutes. The price range was from 2021.19 to 2039.4 USDT, with a 0.90% amplitude. Although the magnitude of short-term volatility is limited, market trading activity has clearly increased. Mainstream investors’ attention has risen, boosting short-term liquidity and intensifying changes in microstructure.
The main driving factors behind this unusual move are the significant increase in on-chain activity and the continued inflow of institutional capital. Statistics show that the active addresses during the event window reached 420,690, setting a high level within the recent period, and re
GateNews1h ago
Base58 Labs’ BASIS 2026 Blueprint Forges a New Standard for BTC, ETH, SOL & PAXG
[PRESS RELEASE – London, UK, March 17th, 2026]
New roadmap positions BASIS as an institutional-grade digital asset management platform built for macro volatility, tokenized safe-haven demand, and frictionless Web3 onboarding.
Base58 Labs today unveiled the BASIS 2026 Technical Blueprint &
CryptoPotato1h ago
DeepSeek AI Predicts the Price of Ethereum and Solana in April 2026
Ethereum and Solana are both at a bit of a crossroads going into April 2026. After months of selling pressure and uneven recoveries, neither one has really found strong footing yet.
And when you line that up with DeepSeek AI’s outlook, it points to a similar idea, things may stay
CaptainAltcoin1h ago
