Coinbase Hacker Buys 4,863 ETH in an Ethereum Accumulation Spree

• The hacker from the May Coinbase exploit just bought 4,863 ETH for $12.5 million with stolen funds
• Their known wallets now hold over $45.36 million, and they have been actively trading on-chain
• The original hack, which involved insider collusion, resulted in losses of up to $400 million for users

The hacker behind the massive May 2025 exploit of Coinbase users is audaciously using the stolen proceeds to build a large position in Ethereum, according to on-chain transaction trackers.

The individual or group bought 4,863 ETH for $12.5 million (DAI) at $2,569 per ETH. After the latest transaction, the hacker holds $45.36 million (DAI) across two different wallets. The tracker suspects that the hacker may buy more ETH in the future.

The May 2025 Coinbase Exploit

The on-chain tracker linked…

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