Coinbase Hacker Buys $18,9 Million in Ethereum

Crypto wallet linked to $300 million Coinbase hack is back in business. Network data shows the hacker bought 3976 ether worth more than $18,9 million at a price of $4756 per Altcoyin.

The hacker who stole more than $300 million from Coinbase users bought another $3976 ETH ($18,9 million) an hour ago at a price of $4756, Lookonchain reported.

According to Arkham Intelligence, the purchase was made on Saturday using 18,911 million DAI. The hacker combined various amounts of DAI, ranging from $80,000 to $6 million, before making multiple ETH purchases.

Hacker Coinbase Wallet Under Surveillance Block-analysts since the beginning of this year.

In May, on-chain transaction investigator and security analyst ZachXBT estimated that crypto exchange users had lost at least $330 million as a result of a social engineering scam.

Our figure is likely much lower than the actual amount of funds stolen, as our data is limited to my personal messages and thefts we found on-chain, he said at the time.

It is known that this wallet was purchased in August Solana for $8 million. Before that, in July, the same hacker bought 4863 ETH (for $12,55 million) and another 649 ETH ($2,3 million) at a price of about $3562 per Altcoyin.

Meanwhile, the latest purchase was made on Saturday, when the price of Ethereum surpassed $4700 and reached $4763, the highest level in two weeks. At the time of writing, ETH is trading at $4718, up 4,5% from the day before.

Source