A cryptocurrency wallet associated with the $50 million Infini exploit has resurfaced after months of inactivity, using the recent market downturn to acquire millions of dollars worth of Ether.
Dormant Infini Exploiter Wallet Becomes Active Again
Arkham data shows that the wallet, previously tied to the Infini breach, purchased approximately $13.3 million worth of Ether as prices dipped near $2,100. This marked the address’s first notable activity since August 2025, when it sold Ether close to the asset’s yearly peak.
Shortly after the purchase, the newly acquired Ether was routed through a crypto mixing service, a move commonly used to obscure transaction trails. The timing of the trade coincided with a broader market selloff that triggered one of the largest liquidation events in crypto history, wiping out more than $2.5 billion in leveraged positions.
Lookonchain said in a Monday X post;
Market Volatility Creates Opportunity
Ether briefly fell to levels not seen in roughly nine months during the downturn, creating a buying opportunity that the wallet appears to have exploited. Analysts noted a pattern suggesting the address has previously timed major market swings with notable precision.
The activity traces back to the 2025 Infini exploit, where $50 million in stablecoins was drained from the platform in an incident believed to involve retained administrative access by a developer. The stolen funds were converted into non-freezable assets and have remained unrecovered.
Recent movements indicate the funds are still being actively traded rather than parked in stablecoins, suggesting the exploiter remains engaged in speculative market activity while legal actions tied to the case continue.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.