The Fantom Foundation hacker who reportedly stole approximately $7 million, has made astonishing profits within a couple of days by trading stolen funds.
According to Lookonchain, the hacker has turned out to be a good trader who has been buying and selling ETH since October 26 with it now profiting more than $200k.
The hacker address first sold 4,390 ETH ($7M) at a price of $1,842 for approximately 8 million DAI on October 26. Then on October 29, it bought 4,556 ETH using DAI at a price of $1,775 and today sold 4,561 ETH for almost 8.3 million DAI at the price of $1,819.
Lookonchain’s analysis shows that the hacker has timed the market and traded ETH on exact timing to carry out the profit within 4 days.
According to DeBank, the address currently holds approximately $8.3 million in DAI and roughly $10k of ETH.
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