Infini Neobank Hacker Re-emerges: Buys $13M in Ethereum Amid Market Chaos

In early February 2026, the crypto market faced immense pressure, experiencing one of the largest liquidations in history totaling $2.56 billion. However, while most traders were tallying their losses, malicious actors used the panic for strategic maneuvers. Analysts from the Arkham platform detected activity from a wallet linked to the high-profile hack of the Infini neobank.

Precise Calculation: How the Hacker Profited from the Market Crash

A year after the $50 million theft from Infini, the attacker's address executed a major trade. As the price of Ethereum (ETH) dropped to $2,109 during the crash, the hacker purchased coins worth a total of $13.3 million. Notably, the culprit is demonstrating exceptional market-timing skills: their last recorded activity was in August 2025, when they sold assets at $4,202, nearly at the annual peak.

Immediately following the purchase, the funds were transferred to Tornado Cash — a crypto-mixing service that hides the subsequent movement of digital assets.

The Infini Hack History and the Developer's Trail

As a reminder, the Infini incident occurred about a year ago. The hacker acted professionally: stolen USDC stablecoins were instantly converted into DAI. DAI was chosen because, unlike USDC, it lacks a built-in centralized freeze function, ensuring the criminal had full control over the capital.

Infini management links the attack to a vulnerability in administrative access. Suspicion fell on former developer Chen Shanxuan, who reportedly retained access rights after leaving the project. Despite a lawsuit filed in a Hong Kong court, the case has yet to make significant progress, and the hacker's identity remains officially unconfirmed.

Impact on Rao Cash (RAO): Forecast and Conclusions

Such news regarding successful hacker actions and the use of mixers creates a dual situation for the market but directly concerns the future of confidential ecosystems.

Why is this important for RAO holders?

Increased Value of Privacy Technologies: The Infini case proves once again that centralized stablecoins (USDC) are vulnerable to blocking, whereas decentralized mechanisms provide freedom. Rao Cash (RAO), focused on anonymity and financial sovereignty, becomes a logical choice for users wishing to protect their legitimate funds from external regulatory interference.

Regulatory Pressure as a Trigger: The active use of mixers by hackers provokes authorities to implement new bans. However, history shows that the stronger the pressure on privacy, the higher the demand for native confidential coins like RAO, which offer built-in protection "out of the box."

Forecast: In the short term, such news may cause local negativity due to the association of privacy with crime. But in the long run, the focus will shift to secure asset storage. RAO may see an inflow of liquidity from investors who recognize the risks of transparent blockchains.

Conclusion: The Infini hacker's activity confirms that major players (even shadow ones) believe in Ethereum's recovery. For Rao Cash, this is a signal that the private finance market remains highly relevant.