After being inactive for months, a digital wallet connected to the Infini hack has started moving funds again, using $13.32 million to purchase Ethereum when prices recently fell.
Summary
- A wallet linked to the Infini exploit purchased 6,316 ETH worth $13.3 million during the recent price dip before sending funds to Tornado Cash, on-chain data shows.
- The address had been inactive for more than 200 days, according to alerts from Lookonchain, PeckShield, and CertiK.
- Past transactions suggest the exploiter has repeatedly bought ETH near local lows and sold near cycle highs, highlighting precise market timing.
Blockchain data and several security firms show the money was then sent through Tornado Cash, a service that mixes cryptocurrency transactions to obscure their origin.
Lookonchain, a company that tracks blockchain data, noticed the hacker bought 6,316 ETH for an average of $2,109 about eight hours before the suspicious transactions were spotted.
Infini Exploiter took advantage of a price drop 8 hours ago, using 13.32 million DAI to purchase 6,316 ETH at a price of $2,109 per ETH. They then sent all 15,470 ETH (worth approximately $32.6 million) to Tornado Cash. This individual appears to be skilled at identifying profitable opportunities, as evidenced by a previous transaction on February 24, 2025, where they acquired 17,696 ETH at $2,798 after obtaining 49.5M USDC.
— Lookonchain (@lookonchain) February 9, 2026
Immediately after the transaction, the digital wallet combined its assets and transferred a total of 15,470 ETH – approximately $32.6 million – to Tornado Cash.
Security firms PeckShield and CertiK have identified transactions made by the address known as the ‘Infini exploiter.’ They confirmed this address deposited all of its Ethereum into a privacy protocol, indicating a restart of money laundering efforts after over 200 days of no activity.
Pattern of buying lows, selling highs
Blockchain data shows this wallet consistently seems to buy and sell at opportune moments. Lookonchain reports that the same user:
- February 2025: Exploited Infini by stealing $49.5 million in USDC, later converting the funds into 17,696 ETH at $2,798.
- July 2025: Sent 5,000 ETH to Tornado Cash and sold 1,770 ETH for $5.88 million at $3,322.
- August 2025: Sold 1,771 ETH at $4,202, near local cycle highs.
- February 2026: Bought 6,316 ETH at $2,109, before transferring the full balance to Tornado Cash.
Lookonchain observed that the trader consistently buys assets when prices are low and sells them when prices are high, demonstrating a knack for profitable timing across different market trends.
Background on the Infini exploit
In February 2025, Infini was hacked, and attackers gained control of administrative accounts. This resulted in a loss of about $49.5 million. The hackers quickly converted the stolen money into stablecoins and ETH, then spread it across many different wallets, making it difficult to recover.
Tornado Cash still works as programmed, but it’s under increased investigation by authorities and blockchain experts because it’s often used to hide money from illegal activities.
As of now, authorities haven’t frozen or recovered the money sent to Tornado Cash. They are still watching the digital wallet for any new transactions.
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2026-02-09 16:05