Crypto Hacker Behind Infini Exploit Returns, Moves $32M ETH in Fresh Transfers

TheNewsCryptoPublished on 2026-02-09Last updated on 2026-02-09

Abstract

A cryptocurrency wallet linked to the 2025 Infini exploit has resumed activity after 200 days, moving $32 million worth of Ethereum. According to Lookonchain, the wallet purchased 6,316 ETH at an average price of $2,109 during the recent market dip and immediately transferred the entire amount to the privacy service Tornado Cash. This activity, confirmed by security firms PeckShield and CertiK, follows a pattern of the entity accumulating ETH near market lows and moving funds through mixers to obscure tracing. The wallet was originally funded from the Infini hack, which lost $49.5 million in digital assets. Recovery remains difficult once funds enter mixing services like Tornado Cash.

A cryptocurrency wallet, which was linked to last year’s Infini exploit, has been active again after six months of silence. Blockchain trading firm says that the wallet bought millions of dollars’ worth of Ethereum during the recent price drop and then sent it to the private mixing service, which is supposed to hide where the money goes.

According to the data shared by Lookonchain, the wallet bought 6,316 ETH and paid an average price of roughly $2,109 per coin. Immediately, the entire balance was moved to Tornado Cash, and this movement was confirmed by the two security companies, PeckShield and CertiK. Researchers noted that this address showed activity after 200 days.

What is Tornado Cash

Basically, Tornado Cash is a cash mixer. It works by mixing many users’ cryptocurrencies before redistributing them, which makes it very difficult to trace the source. This helps protect the user’s money from hacking and exploits and avoids being tracked by exchanges or enforcement agencies.

The analyst says that this wallet has shown an unusual pattern of trading, accumulating ETH at the near local market lows and selling the portion near strong highs. The past activity includes, after the Infini attack, the stolen funds being turned into 17,696 ETH in February 2025. In July 2025, 5000 ETH was sent to Tornado Cash. In February 2026, 6,316 ETH were bought at the recent dip at $2,109.

Infini suffered its major security failure in Feb 2025. At that time, attackers gained control over the internal permissions, which allowed them to move about $49.5 million in digital assets. The funds were quickly swapped across tokens and converted into ETH. This was distributed across many wallets. This strategy complicated the recovery attempts.

Right now, there is no sign that the newly moved ETH has been frozen, and the investigators are still watching for where the money might surface next. Once assets pass through mixers, the recovery usually becomes much harder.

Highlighted Crypto News:

Coinglass Report Highlights Discrepancies Across Perp DEXs, Raising Debate

TagsCryptocurrencyETH

Related Questions

QWhat was the recent activity of the cryptocurrency wallet linked to the Infini exploit?

AThe wallet, after six months of inactivity, bought 6,316 ETH at an average price of $2,109 and immediately sent the entire amount to the Tornado Cash mixing service.

QWhat is the primary function of Tornado Cash as described in the article?

ATornado Cash is a cryptocurrency mixing service that obfuscates the trail of funds by pooling and mixing them with those of other users, making it extremely difficult to trace their origin.

QHow much Ethereum (ETH) was converted from the stolen funds after the Infini attack in February 2025?

AThe stolen funds from the Infini attack were converted into 17,696 ETH.

QWhat was the total value of digital assets the attackers moved in the Infini security failure?

AThe attackers moved approximately $49.5 million in digital assets during the Infini exploit.

QWhat trading pattern did analysts observe in the wallet's past activity?

AAnalysts noted an unusual pattern where the wallet accumulated ETH near local market lows and sold portions of it near strong market highs.

Related Reads

Bitwise: Crypto Becomes a Contrarian Investment, Three Logics to Understand the Current Market

**Summary** Matt Hougan, Bitwise's CIO, analyzes the current crypto market through three key lenses, arguing it has shifted from a momentum-driven to a contrarian investment. **1) Crypto Becomes a Contrarian Play:** The market is weak, with major assets like Bitcoin and Ethereum down significantly. Capital has moved to hot sectors like AI, leaving crypto as an "unloved" asset class. This transforms crypto investing from trend-following to a test of patience and fundamental analysis. Investors now favor projects with solid fundamentals (e.g., Hyperliquid) over speculative ones. **2) Regulatory Overhang:** The uncertain fate of the U.S. CLARITY Act, a major crypto regulatory framework, is a key headwind. With its passage in 2024 seen as far from guaranteed (estimates range from 30-55%), institutional capital remains on the sidelines, choosing less risky alternatives like AI stocks. The market needs clarity—whether the bill passes or fails—more than any specific outcome to move decisively. **3) Capital Rotates to New Fundamentals:** This cycle differs from past bear markets where money fled to Bitcoin. Now, capital seeks smaller assets with strong use cases. While major cryptos fell in May 2024, tokens like Hyperliquid (+72%), Zcash (+50%), and XLM (+44%) rallied on their specific fundamentals. This rotation confirms the new contrarian, fundamentals-driven logic and signals the bear market may be in its later stages. **Conclusion:** Short-term pressure persists due to regulatory uncertainty and competition from AI narratives. Investing in crypto now requires a contrarian mindset—acting against the crowd and focusing on fundamental value. Patience and targeting high-quality projects based on their merits are essential for capturing long-term gains.

marsbit43m ago

Bitwise: Crypto Becomes a Contrarian Investment, Three Logics to Understand the Current Market

marsbit43m ago

ChatGPT Might Be Disappearing Soon

OpenAI announced at its "Intelligence at Work" event that its coding assistant, Codex, will be fully integrated into the ChatGPT app within weeks. This move marks a strategic shift from a conversational AI (Chat) towards a unified "agentic" platform capable of execution. Codex, originally launched to compete with Anthropic's Claude Code, has grown rapidly to 5 million weekly active users, with 20% being non-developers like analysts and designers. Its enterprise revenue now constitutes 40% of OpenAI's total. The integration is the first step in creating a super-app combining ChatGPT (interface), Codex (execution engine), and the Atlas browser (web access). OpenAI also unveiled new Codex features: specialized Agent plugins for six professional roles, an "Annotations" tool for direct document editing, and a "Sites" function to turn work into shareable web apps. Internally, this reflects a power shift; the Codex team now leads core product strategy. While the ChatGPT brand remains for its vast user base, the platform's future is focused on autonomous agents that perform tasks, not just chat. The article notes that competition with Claude Code pushed OpenAI's development, with Codex competing on cost-effectiveness and accessibility rather than raw coding quality. It concludes that the essence of "ChatGPT" is evolving from a chatbot into an AI agent platform, with the name potentially becoming a legacy symbol of its original function.

marsbit53m ago

ChatGPT Might Be Disappearing Soon

marsbit53m ago

WWDC26 Ultimate Preview: The All-New Siri is the Main Course, iOS 27 is Another Year of Refinements

Apple has confirmed WWDC26 will begin on June 8, with the keynote at 10 AM PT (1 AM Beijing Time, June 9). This year's focus is expected to shift significantly from routine OS updates to Apple's progress in AI, particularly a major overhaul of Siri. Reports indicate the highlight will be a new Siri, reportedly powered by Google's Gemini technology. This upgraded assistant is expected to appear as a lightweight bubble from the Dynamic Island and be accessible via a unified "Search or Ask" system-wide entry point. It aims to deeply integrate with iOS 27, iPadOS 27, and macOS 27, accessing personal data like messages, photos, and documents, with a potential standalone Siri app also in development. For iOS 27, leaks suggest incremental improvements rather than major redesigns. Key updates may include a redesigned, more customizable Camera app, enhanced photo editing tools within the Photos app, and potential early system optimizations for a future foldable iPhone. The update is also rumored to prioritize bug fixes, stability, and performance optimization. iPadOS 27 is anticipated to focus on improving productivity features like window management, file systems, and external display support to better utilize the iPad's hardware. macOS 27 is seen as a core platform for Apple Intelligence, likely receiving an optimized Siri, new AI features, and continued refinement of the "Liquid Glass" design language. Notably, macOS 27 may finally drop support for Intel-based Macs. The overarching theme for WWDC26 is whether Apple can effectively integrate AI across its ecosystem. The success of the new Siri and Apple Intelligence will be judged on their ability to move beyond standalone features and become a cohesive, context-aware system layer that understands user workflows across iPhone, iPad, Mac, and other devices, while maintaining Apple's emphasis on privacy and stability. The conference represents Apple's critical attempt to catch up and redefine the AI assistant experience after a perceived slow start in the generative AI era.

marsbit1h ago

WWDC26 Ultimate Preview: The All-New Siri is the Main Course, iOS 27 is Another Year of Refinements

marsbit1h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片