The stolen funds from Radiant Capital, a decentralized lending protocol, have greatly increased in value due to the rise in Ethereum's price. In October 2024, the protocol suffered a $58 million breach. The attacker swapped the stolen assets for Ether, which have now appreciated to approximately $103 million, thanks to the surge in Ether’s market value. Insights from blockchain forensics firm AMLBot suggest that the exploiter likely held the ETH for operational security reasons rather than market timing, as attackers typically convert funds into Bitcoin or ETH to avoid token freezes. Ether's price growth is driven by positive market trends, including significant US dollar flows and extensive staking. Moreover, corporate treasuries are accumulating ETH, alongside improved regulatory clarity around its status as a non-security. Ethereum's network has also enhanced scalability and layer-2 support, further contributing to increased transaction activity across its ecosystems.

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