Wallet tied to Infini exploiter resurfaces to buy Ether dip for $13M

The notorious digital wallet definitively linked to the massive Infini Protocol exploit has unexpectedly resumed activity, executing a substantial $13 million purchase of Ether (ETH) during the recent market correction. Blockchain monitoring services first flagged the movement late Tuesday, observing the wallet converting approximately 13 million USD stablecoins—funds believed to be part of the initially stolen proceeds—directly into ETH.

This aggressive move to buy the ‘dip’ is highly unusual for an exploiter’s wallet, which typically focuses on slow, calculated laundering and obfuscation across mixers or decentralized exchanges (DEXs), rather than direct market speculation. The timing suggests the entity behind the wallet is prioritizing investment potential over immediate liquidation, potentially aiming for a long-term holding or staking strategy utilizing the newly acquired ETH.

Security analysts are debating whether this action signals a complex new phase in the fund-washing process or if the exploiter is simply leveraging their illicit gains to speculate on market movements. Following the $13 million acquisition, the wallet, which still holds significant amounts of misappropriated assets, remains under intense surveillance by law enforcement agencies and crypto security teams globally.

Source: Wallet tied to Infini exploiter resurfaces to buy Ether dip for $13M