A wallet linked to the Infini exploit resurfaced after more than 200 days of inactivity, spending about $13.3 million to buy 6,316 ether during the recent market dip before moving the funds.
Blockchain analytics firm Lookonchain said the purchase was made at an average price of $2,109, shortly before the wallet consolidated its holdings.
The address then sent a total of 15,470 ETH, worth roughly $32.6 million, to the privacy protocol Tornado Cash, according to confirmations from PeckShield and CertiK.
“He seems very good at buying low and selling high,”
Lookonchain said, pointing to a pattern of precise market timing across multiple cycles.
On-chain records show the same entity converted stolen funds into ETH near peaks in 2025 and sold portions near local highs before re-entering during downturns.
Infini was exploited in February 2025 after attackers compromised administrative privileges, resulting in the theft of about $49.5 million that was later swapped into ETH.
Investigators say the latest transfers mark a resumption of laundering activity, with no indication so far that the funds sent to Tornado Cash have been frozen or recovered.
At the time of reporting, Ethereum price was $2,112.18.