Dormant Exploit-Linked Wallet Moves $2M in UNI, LINK, CRV
The post Dormant Exploit-Linked Wallet Moves $2M in UNI, LINK, CRV appeared on BitcoinEthereumNews.com.
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 In November 2023, KyberSwap was attacked, and its Elastic liquidity pools were withdrawn for around $49 million over various chains.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…
Filed under: News - @ December 30, 2025 12:28 pm