Phishing Attacker Converts Stolen DAI to ETH

According to BlockBeats, on August 24, an on-chain analyst named Yu Jin reported that a phishing attacker who stole 55.47 million DAI on August 21 has converted a significant portion of the stolen funds into Ethereum (ETH). The attacker used 19.27 million DAI to purchase 6,958.7 ETH. After the initial theft, the attacker converted the majority of the stolen DAI into ETH. Specifically, they used 48.65 million DAI to buy 18,217 ETH at an average price of $2,671 per ETH. Additionally, the attacker transferred 708 ETH through the eXch trading platform, which does not require registration or KYC, and is often used for transferring funds and privacy transactions. Currently, the attacker holds approximately 17,509 ETH, valued at around $48.31 million, and 6.8 million DAI.