In the world of Crypto Assets, a remarkable hacking incident has once again drawn attention. About 10 months ago, a Hacker successfully infiltrated the Radiant Capital platform, stealing assets worth $53 million. This Hacker then converted all the stolen funds into 21,957 Ethereum (ETH) Tokens.

Recently, with the significant rise in Ethereum prices, this hacker has begun to gradually cash out their held ETH. It is reported that the hacker has sold 9,631 ETH at an average price of $4,562 each, totaling approximately $43.94 million. Currently, the hacker still holds 12,326 ETH, which is valued at about $58.60 million at the current market price.

Through this series of operations, the hacker successfully converted the originally stolen 53 million dollars in assets into a total wealth of over 100 million dollars. After deducting the original stolen amount, the hacker netted nearly 49.5 million dollars in this operation, with a return rate as high as 93.5%.

This incident once again highlights the high risk nature of the Crypto Assets market, while also exposing the vulnerabilities that still exist in the security of decentralized finance (DeFi) platforms. For investors and platform operators, finding a balance between pursuing innovation and ensuring security remains an urgent challenge to address.

Although the actions of hackers are undoubtedly illegal, this incident has also sparked an in-depth discussion about the regulation of the crypto assets market, the security of DeFi platforms, and the blockchain technology itself. As the crypto assets industry continues to evolve, similar security incidents may persist, which requires the entire industry to continuously improve security measures and enhance risk prevention capabilities.