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 Loses Key Support As Failed Breakout Signals Near-Term Caution for ETH Traders
Ethereum (ETH) continues to trade in a highly volatile environment along with the rest of the crypto market. Recently ETH had an attempt to begin regaining bullish momentum after briefly returning to a major support area; however, it subsequently fell through that level again. Traders and analysts a
BlockChainReporter1h ago
21shares will distribute staking rewards to ETH and SOL ETF investors on March 31.
Gate News message: On March 29, crypto exchange-traded product issuer 21shares announced that on March 31 it will distribute staking rewards to investors in its Ethereum exchange-traded fund TETH and Solana exchange-traded fund TSOL. Among them, the per-share distribution amount for TETH investors is 0.012530 US dollars, and for TSOL investors it is 0.016962 US dollars.
GateNews2h ago
BNP Paribas introduces 6 crypto asset ETNs, covering assets including BTC, ETH, and more
BNP Paribas announced the launch of six cryptocurrency-related ETNs, providing investors with indirect access to assets such as Bitcoin and Ethereum. These products comply with the EU regulatory framework and will be open for subscription to various clients in 2026.
GateNews4h ago
"Maji" long position increased to over 15 million USD, ETH opening price approximately 2041 USD
BlockBeats news, on March 29, according to monitoring by HyperInsight, "Brother Magic" Huang Licheng continues to increase his long positions, with a total position exceeding 15 million USD, the current positions are as follows:
ETH long position valued at 10.85 million USD, opening price 2,041.14 USD;
BTC long position valued at 3.71 million USD, opening price 66,720.1 USD;
HYPE long position valued at 610,000 USD, opening price 38.8 USD.
BlockBeatNews4h ago
Maji Big Brother continues to add to his BTC, ETH, and HYPE long positions today, with a total position value exceeding $15 million.
On March 29, Majie Brother Huang Licheng increased his holdings in BTC, ETH, and HYPE, with a total position value of approximately $15.2 million. He holds long positions of 15,500 HYPE, 56 BTC, and 5,425 ETH, with liquidation prices of $18.9, $61,067, and $1,947, respectively, while also placing limit sell orders.
GateNews4h ago
