Radiant Capital Exploit Address Acquires 1,482 ETH Worth $5.83 Million

According to onchain analyst Yujing, the Radiant Capital hacker swapped millions in DAI for ETH at $3,938, continuing a history of profitable price swing trading.

ETH
DAI

Summary

On October 30, onchain analyst Yujing reported that the hacker behind the Radiant Capital exploit purchased 1,482 ETH for 5.836 million DAI at a price of $3,938 each. The address has previously profited from ETH price fluctuations, maintaining a consistent pattern of strategic swing trades.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • DAI: A decentralized stablecoin pegged to the U.S. dollar, maintained through the MakerDAO system on the Ethereum network.
  • Swing Trade: A trading strategy aiming to capture short- to medium-term gains in a financial instrument over a period of several days to weeks.