Coinbase $300 million hacker just splashed $19 million on this crypto

The hacker linked to the $300 million Coinbase heist is back in action, continuing to deploy stolen funds, this time on the Ethereum ( ETH ) network. On-chain analysis reveals that the wallet linked to the exploit purchased 3,976 ETH, worth $18.9 million, at $4,756 per coin, according to data retrieved by Finbold from Arkham on September ￰0￱ isn’t the attacker’s first ￰1￱ the past week, blockchain analysts have tracked multiple high-value swaps from the wallet, including significant purchases of ETH and stablecoins like ￰2￱ reported by Finbold in late August, the hacker also bought 38,126 SOL worth about $7.95 million at an average price of $209.

On July 20, the wallet added 649.62 ETH valued at $2.31 million, purchased at an average of $3,561 per ￰3￱ transactions suggest a diversification strategy, with the attacker spreading funds across major blockchain ecosystems while routing activity through decentralized exchanges and aggregators to avoid ￰4￱ security breach The wallet links back to Coinbase’s early 2025 security breach , when hackers bribed overseas support staff to access internal ￰5￱ incident exposed sensitive customer data, though not passwords or private keys, and was later used for fraud and extortion ￰6￱ May 11, the attackers demanded $20 million to keep the stolen data ￰7￱ refused, instead tightening security, firing compromised staff, pledging reimbursements, and offering a matching $20 million ￰8￱ exchange estimates the total costs to be between $180 million and $400 ￰9￱ ongoing investigations, the hacker has continued to shuffle funds, including a $42.5 million Bitcoin-to-Ethereum swap via Thorchain, complete with on-chain ￰10￱ image via Shutterstock