Coinbase Hacker Launders ETH, Taunts ZachXBT
The post Coinbase Hacker Launders ETH, Taunts ZachXBT appeared on BitcoinEthereumNews.com. 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. The hacker, who stole over $300M from #Coinbase users, sold 17,778 $ETH for 45.48M $DAI at an average price of $2,558 via 3 new wallets over the past 4 hours! Notably:• These ETH were laundered via #THORChain.• Shortly after selling, one wallet spent 536K $DAI to buy back… pic.twitter.com/fhisL82vqw — Spot On Chain (@spotonchain) May 22, 2025 THORChain Tapped for Laundering, Hacker Makes Puzzling ETH Rebuy Critically, the hacker leaned on THORChain, a decentralized liquidity protocol, to handle the laundering. THORChain is known for enabling cross-chain swaps, a go-to tool for those looking to muddy the waters and obscure the trail of illicit funds. Not stopping there, the hacker performed a partial rebuy shortly after. One of the wallets spent 536,000 DAI to repurchase 207.17 ETH at a higher average price of $2,587, a move that suggests either calculated positioning or an intent to stir further confusion in tracking efforts. Related: Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports But what stands out most in this unfolding cyber-heist drama is the hacker’s taunt of one of the crypto community’s most respected on-chain sleuths, ZachXBT. Related: Bybit Swiftly Resolves Apple ID…
The post Coinbase Hacker Launders ETH, Taunts ZachXBT appeared on BitcoinEthereumNews.com.
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. The hacker, who stole over $300M from #Coinbase users, sold 17,778 $ETH for 45.48M $DAI at an average price of $2,558 via 3 new wallets over the past 4 hours! Notably:• These ETH were laundered via #THORChain.• Shortly after selling, one wallet spent 536K $DAI to buy back… pic.twitter.com/fhisL82vqw — Spot On Chain (@spotonchain) May 22, 2025 THORChain Tapped for Laundering, Hacker Makes Puzzling ETH Rebuy Critically, the hacker leaned on THORChain, a decentralized liquidity protocol, to handle the laundering. THORChain is known for enabling cross-chain swaps, a go-to tool for those looking to muddy the waters and obscure the trail of illicit funds. Not stopping there, the hacker performed a partial rebuy shortly after. One of the wallets spent 536,000 DAI to repurchase 207.17 ETH at a higher average price of $2,587, a move that suggests either calculated positioning or an intent to stir further confusion in tracking efforts. Related: Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports But what stands out most in this unfolding cyber-heist drama is the hacker’s taunt of one of the crypto community’s most respected on-chain sleuths, ZachXBT. Related: Bybit Swiftly Resolves Apple ID…
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