Bitrue Hacker Buys Back 3,000 ETH at Reduced Price

Lede: Bitrue’s hacker, responsible for a $23 million crypto theft in April 2023, repurchased 3,000 ETH on June 12, 2025, at a reduced price on the open market.

Nut Graph: This event highlights ongoing privacy challenges in crypto markets and potential volatility in ETH pricing, with no immediate official response from Bitrue.

Bitrue Hacker’s Tactical Repurchase

The anonymous Bitrue hacker, infamous for a $23 million theft from the exchange in April 2023, executed another bold move by buying back 3,000 ETH. Using sophisticated on-chain strategies, the hacker continues to impact the crypto market.

Market Impact and Community Concerns

Upon selling 4,207 ETH at peak prices in March 2024, the hacker strategically repurchased nearly 3,000 ETH at a significant discount, employing $8.3 million in DAI. These maneuvers enhance their ETH holding, indicating practiced market knowledge.

“The Bitrue hacker has re-entered the ETH market, using $8.3M DAI to buy 2,999 ETH at $2,769, increasing their ETH holdings after selling earlier at a much higher price.” (Lookonchain, Twitter, June 12, 2025)

The ETH market witnessed immediate fluctuations, prompted by the hacker’s purchase, which represented significant liquidity shifts. Such activities underline persistent concerns regarding whale traders and their ability to influence market dynamics temporarily.

Monitoring and Future Implications

No official response from Bitrue or major regulatory bodies is available at this time. The crypto community monitors these activities, assessing heightened risks associated with large, anonymous trades via Tornado Cash.

Expert insights suggest increased ETH market volatility due to these actions, although regulatory adjustments remain unaddressed. This case reflects recurring themes in cryptocurrency security and transparency, challenging both financial stability and market trust.