The hacker who stole $53 million from DeFi protocol Radiant Capital (RDNT) in October 2024 has reportedly doubled the value of the stolen assets through Ethereum (ETH) swing trading, according to on-chain analyst @EmberCN on X. Following the theft, 21,900 ETH were acquired at an average price of $2,420 for storage. On Aug. 14, the liquidation of ETH began. Three days ago, 4,914 ETH were purchased at an average price of $4,167 and 3,931 ETH were sold on Aug. 23 at $4,726, converting the proceeds into roughly $18.57 million in DAI. Holdings currently total approximately $104 million in ETH and DAI, including 13,300 ETH and 42.03 million DAI.
Radiant Capital hacker doubles stolen funds through ETH swing trading
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