A purse address labeled Blockchain security analysts as “Coinbase Hacker” bought $ 8 million in Solana on Sunday using reportedly missed.
According to To lookonchain, hacker converted Dai (Dai) to USDC (USDC), then bridged to Solana Network and bought 38,126 solana (Sol) close to $ 209 mark on multiple purchases.
Solana is currently trading at $ 202.15, which means the hacker has made a loss of paper from the trade.
Blockchain Analytics platform Arkham is to reflect the purse’s address as “Coinbase Hacker,” as the lookonchain claims that the purse has been linked to stealing more than $ 300 million from Coinbase users.
Hacker bought Ether in July
The alleged hacker first noticed the lookonchain two months ago, when they were Sold 26,762 ether worth $ 69.25 million at that time.
In July, lookonchain Says There are also two main purchases from The same purse. On July 7, the same hacker bought 4,863 ether, worth $ 12.55 million, after July 19, they bought 649 ether for $ 2.3 million, for $ 3,5621 per token.
Onchain Sleuth and Security Analyst Zachxbt estimated in May that the total Amount lost by Coinbase users In social engineering scams at $ 330 million, he said reflecting the increasing number of sophisticated attacks to deceive crypto holders.
Radiant Capital Hacker grows stack by trading
The Coinbase Hacker is not the only trade that has earned achievements that have not been obtained. Last week, a purse connected to the radiant capital exploit bought 4,913 ether around Wednesday, then sold 4,131 ether on Saturday, earning $ 2.7 million.
“Their stolen $ 49.5M stash has now grown over $ 105 million,” said Lookonchain, who represents an increase of almost 114%.
Decentralized financial protocol Radiant Capital was hacked in mid-October 2024 when the cross-chain lending protocol suffered a $ 58 million violation of cybersecurity in the BNB and Arbitrum chain.
The attack changed the proceeds to the ether, holding around 21,957 ether worth about $ 103 million, until August 14, according to the lookonchain.
Related: DOJ investigates Coinbase data violations – Report
Experts told Cointelegraph at that time That is not likely to be an accidental approach to time-time and perhaps an accidental consequence of prevention methods to diminish the stolen loot.
Unknown hacker panic is selling
However, some hackers have not been lucky.
In July, lookonchain was Tracking A purse they had iled as “likely owned by hackers,” which sells 12,282 ether and purchased again at a higher price at a market collapse, resulting in a loss of $ 6.9 million.
“Hackers are not good at trading,” the company said.
During another market of the market, the same shock of the purse Sold 4,958 Ether on August 15, which locked an income of $ 9.75 million.
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