Dormant Wallet Tied to Indexed Finance, Kyber Network Hacks Sells $2.12M in Tokens

Lookonchain reports renewed activity from a hacker-linked wallet tied to DeFi exploits, liquidating major tokens valued at over $2.12 million after a year of dormancy.

LINK
UNI
CRV

Summary

On Dec. 30, blockchain analytics platform Lookonchain detected activity from a cryptocurrency wallet linked to past Indexed Finance and Kyber Network exploits, inactive for a year. The wallet sold 226,961 UNI worth $1.36 million, 33,215 LINK valued at $410,000, 845,806 CRV worth $328,000, and 5.25 YFI worth $17,500, totaling approximately $2.12 million in liquidations.

Terms & Concepts
  • Indexed Finance: A decentralized finance (DeFi) protocol offering index-based crypto investment products.
  • Kyber Network: A decentralized liquidity protocol that enables instant token swaps across applications.
  • UNI: Governance token for the Uniswap decentralized exchange used for voting on protocol decisions.