According to @ai_9684xtpa, an address attributed to 0xinfini founder Christian allegedly moved 2,477 ETH (~$11.66M) about 10 hours ago with activity reportedly occurring near last night’s local high, source: @ai_9684xtpa. The breakdown includes 1,257 WEETH sold via Cowswap at an average price of $4,777.6, source: @ai_9684xtpa. Additionally, 1,220 ETH were deposited to Binance, and if those funds are sold the address would be flat on ETH holdings, source: @ai_9684xtpa. The source provided the wallet link for reference: https://t.co/JjNY8nWR54, source: @ai_9684xtpa.

According to MistTrack, the platform 0xinfini was exploited, leading to the theft of approximately $50 million in funds. The detailed transactions include the transfer of 11,455,666 USDC and 38,060,996 USDC. This significant breach highlights vulnerabilities in the platform's security, impacting traders and stakeholders involved with 0xinfini (source: MistTrack).

According to Crypto Rover, 0xinfini stablecoin bank was hacked, resulting in a loss of $49.5 million USDC. The hacker swapped the stolen funds for $49.5 million DAI and subsequently purchased 17,696 ETH. This incident highlights the ongoing security challenges in the cryptocurrency market, which could affect trader confidence in USDC and ETH.

According to PeckShieldAlert, the 0xinfini hack has resulted in a significant flow of stolen funds. This incident is critical for traders as it may impact market volatility and liquidity. Monitoring the movement of these funds is essential to anticipate potential sell-offs or market manipulation.