$46.5M Hacker Expands Ethereum Stash Amid Ongoing Security Concerns

A hacker linked to a recent cryptocurrency theft has made a series of purchases totaling $46.5 million in Ethereum (ETH) over the past 24 hours, according to on-chain analyst EmberCN.

The hacker acquired 21,659 ETH at an average price of $2,146 per token, with the most recent purchase valued at approximately $7.95 million.

The transactions have been traced back to wallets previously flagged in connection with a major security breach, suggesting a deliberate strategy to move assets into Ethereum to facilitate laundering or obfuscate the trail of stolen funds.

While the exact source of the funds has not been officially confirmed, the scale and timing of the purchases have drawn attention from security firms and law enforcement agencies that monitor blockchain activity for suspicious movements.