According to @EmberCN, the Radiant Capital hacker who stole about $53 million in October 2024 converted the haul into 21,957 ETH at an average price of $2,414 and began selling three days ago, unloading 9,631 ETH for $43.937 million to date; source: @EmberCN on X. According to @EmberCN, the wallet’s running profit is approximately +$48.3 million, leaving around 12,326 ETH still unsold, which could add near-term sell-side supply if liquidated; source: @EmberCN on X.

According to @lookonchain, Turkish exchange BtcTurk was hacked for more than $23 million (source: Lookonchain on X, Aug 14, 2025). The attacker is actively swapping the stolen assets into ETH, indicating ongoing on-chain conversions that traders should track for liquidity shifts (source: Lookonchain on X, Aug 14, 2025). Historically, exploiters converting proceeds to ETH often route via major DEXs and bridges, which can impact pool liquidity and execution slippage during large swaps (source: Chainalysis 2023 Crypto Crime Report).