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Coinbase Hacker Launders $45 Million In Stolen ETH, Openly Mocks Sleuth ZachXBT


by Parth Dubey
for CoinEdition

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Coinbase Hacker Launders Stolen ETH From Data Breach, Taunts ZachXBT, Uses THORChain For Wash.
  • Coinbase hacker launders $45M in stolen ETH using THORChain, reports Spot On Chain.
  • Hacker from Coinbase breach brazenly taunts on-chain sleuth ZachXBT via ETH message.
  • Coinbase data breach affected 69K users; exchange offers $20M bounty on hacker.

The hacker responsible for one of the largest breaches in crypto exchange Coinbase’s history has begun laundering stolen funds and is openly mocking investigators while doing so.

According to blockchain analytics platform Spot On Chain, the threat actor sold 17,778 ETH, worth approximately $45.48 million and converted to DAI stablecoins at an average price of $2,558 per ETH. The transactions reportedly zipped through three newly created wallets over just four hours. 

THORChain Tapped for Laundering, Hacker Makes Puzzling ETH Rebuy

Critically, the hacker leaned…

The post Coinbase Hacker Launders $45 Million In Stolen ETH, Openly Mocks Sleuth ZachXBT appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 3.06K

-1.64%

$ 0.0145

-2.79%

$ 0.00...361

$ 0.000122

$ 0.633

-2.77%

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In This News

Coins

$ 3.06K

-1.64%

$ 0.0145

-2.79%

$ 0.00...361

$ 0.000122

$ 0.633

-2.77%

Share:

Read More

Binance Takes the Heat in Korea After Freezing Only 17% of Hacked Upbit Funds

Binance Takes the Heat in Korea After Freezing Only 17% of Hacked Upbit Funds

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Mike Belshe Claims BitGo Outsmarts the SEC’s Custody Rules

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Coinbase Hacker Launders $45 Million In Stolen ETH, Openly Mocks Sleuth ZachXBT


by Parth Dubey
for CoinEdition

Share:

Coinbase Hacker Launders Stolen ETH From Data Breach, Taunts ZachXBT, Uses THORChain For Wash.
  • Coinbase hacker launders $45M in stolen ETH using THORChain, reports Spot On Chain.
  • Hacker from Coinbase breach brazenly taunts on-chain sleuth ZachXBT via ETH message.
  • Coinbase data breach affected 69K users; exchange offers $20M bounty on hacker.

The hacker responsible for one of the largest breaches in crypto exchange Coinbase’s history has begun laundering stolen funds and is openly mocking investigators while doing so.

According to blockchain analytics platform Spot On Chain, the threat actor sold 17,778 ETH, worth approximately $45.48 million and converted to DAI stablecoins at an average price of $2,558 per ETH. The transactions reportedly zipped through three newly created wallets over just four hours. 

THORChain Tapped for Laundering, Hacker Makes Puzzling ETH Rebuy

Critically, the hacker leaned…

The post Coinbase Hacker Launders $45 Million In Stolen ETH, Openly Mocks Sleuth ZachXBT appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 3.06K

-1.64%

$ 0.0145

-2.79%

$ 0.00...361

$ 0.000122

$ 0.633

-2.77%

Share:

In This News

Coins

$ 3.06K

-1.64%

$ 0.0145

-2.79%

$ 0.00...361

$ 0.000122

$ 0.633

-2.77%

Share:

Read More

Binance Takes the Heat in Korea After Freezing Only 17% of Hacked Upbit Funds

Binance Takes the Heat in Korea After Freezing Only 17% of Hacked Upbit Funds

South Korean police asked Binance to freeze crypto stolen from Upbit during a recent ...
Mike Belshe Claims BitGo Outsmarts the SEC’s Custody Rules

Mike Belshe Claims BitGo Outsmarts the SEC’s Custody Rules

In Brief BitGo claims its hybrid custody meets every option outlined in the SEC’s la...