An ETH address associated with past decentralised finance exploits shifted over $2 million worth of tokens after being inactive for around one year. As per LookonchainAn ETH address associated with past decentralised finance exploits shifted over $2 million worth of tokens after being inactive for around one year. As per Lookonchain

Dormant Exploit-Linked Wallet Moves $2M in UNI, LINK, CRV, and YFI

  • The blockchain data reveals that the address sold around 226,961 UNI, accounting for around $1.36 million. 
  • The wallet has been associated with funds stolen at the time of the Indexed Finance exploit in 2021 and the KyberSwap exploit in 2023. 

An ETH address associated with past decentralised finance exploits shifted over $2 million worth of tokens after being inactive for around one year. As per Lookonchain data shared on X, the wallet named 0x3EBF sold a big portion of UNI, LINK, CRV, and YFI in only one activity. 

The blockchain data reveals that the address sold around 226,961 UNI, accounting for around $1.36 million. Along with this, 33,215 LINK, 845,806 CRV, and over 5 YFI were sold, having a worth of about $410,000, $328,000, and $17,500, respectively. 

The wallet has been associated with funds stolen at the time of the Indexed Finance exploit in 2021 and the KyberSwap exploit in 2023. Indexed Finance lost about $16.5 million after the index pools got exploited via flash loans and pricing distortions. 

After the attack, the attackers claimed that trades were valid under smart contract rules. In November 2023, KyberSwap was attacked, and its Elastic liquidity pools were withdrawn for around $49 million over various chains. 

The Increased Fraudulent Activity in 2025

The attacker identified a defect in the calculations of liquidity positions which permitted repeated extraction of funds and further exploited it. After this event, the attacker also tried to force the protocol by asking for control in exchange for giving part of the stolen assets. 

The authorities of the United States uncoiled a charge in February this year, where a 22-year-old Canadian, Andean Medjedovic, was accused of accomplishing both attacks. He was also alleged to have laundered funds via mixers and cross-chain bridges and attempted to pressure KyberSwap’s team after the attack. 

This year marked an increased activity of crypto-associated thefts. As per the data shared by Chainalysis, the total losses estimated this year lie somewhere between $2.7 billion and $3.4 billion. 

The major portion of losses was associated with centralised platforms, contrasting with previous cycles where DeFi exploits dominated. More than $2 billion in thefts, and around 60% of the total had links to North Korea. 

The incident that shook everyone’s head was the Bybit hack in February. After that a series of hacks followed, including Cetus DEX and Balancer. However, individual wallet attacks accelerated keenly and stood at around 158,000 incidents.           

Highlighted Crypto News Today:  

BitMine to Launch MAVAN Backed by $12B Ethereum Treasury

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.0085
$0.0085$0.0085
-11.08%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
Ethereum Price Closer to $4,000 Breakout as ETH Whales go on Buying Spree

Ethereum Price Closer to $4,000 Breakout as ETH Whales go on Buying Spree

The post Ethereum Price Closer to $4,000 Breakout as ETH Whales go on Buying Spree appeared on BitcoinEthereumNews.com. Key Insights: Large ETH wallets are buying
Share
BitcoinEthereumNews2026/01/20 10:16
New Zealand Dollar weakens below 0.5800 despite Trump’s tariff threats

New Zealand Dollar weakens below 0.5800 despite Trump’s tariff threats

The post New Zealand Dollar weakens below 0.5800 despite Trump’s tariff threats appeared on BitcoinEthereumNews.com. The NZD/USD pair loses ground to around 0.5790
Share
BitcoinEthereumNews2026/01/20 10:10