Coinbase Hacker Buys 4,863 ETH in an Ethereum Accumulation Spree
Share:
- 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…
The post Coinbase Hacker Buys 4,863 ETH in an Ethereum Accumulation Spree appeared first on Coin Edition.
In This News
Coins
$ 0.0935
+0.18%
$ 2.28K
-0.02%
$ 0.0125
-0.21%
$ 0.00...361
Share:
In This News
Coins
$ 0.0935
+0.18%$ 2.28K
-0.02%$ 0.0125
-0.21%$ 0.00...361
Share:
Read More
Tom Lee Calls ETH Dip Attractive as BitMine Keeps Buying
Germans can now buy bitcoin, ether, solana products directly from their ING accounts
Coinbase Hacker Buys 4,863 ETH in an Ethereum Accumulation Spree
Share:
- 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…
The post Coinbase Hacker Buys 4,863 ETH in an Ethereum Accumulation Spree appeared first on Coin Edition.
In This News
Coins
$ 0.0935
+0.18%$ 2.28K
-0.02%$ 0.0125
-0.21%$ 0.00...361
Share:
In This News
Coins
$ 0.0935
+0.18%$ 2.28K
-0.02%$ 0.0125
-0.21%$ 0.00...361
Share:
Read More
Tom Lee Calls ETH Dip Attractive as BitMine Keeps Buying