Drift Protocol Hacker Continues Ethereum Accumulation with Latest $2.46M Purchase

A significant development has emerged in the ongoing saga of the Drift protocol hack, as the hacker responsible for the exploit has executed another substantial cryptocurrency transaction. According to on-chain records, the attacker purchased 1,195 Ethereum (ETH) for $2.46 million USDC on April 15, 2025.

This latest move brings the hacker's total Ethereum holdings to 130,262 ETH, currently valued at approximately $267 million. The transaction represents a continuation of the hacker's strategy to convert stolen assets into Ethereum, following previous swaps totaling $285 million worth of cryptocurrency.