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Coinbase Hacker bought $ 18.9m at Ether at $ 4,756, OnChain Data Shows


A crypto wallet linked to a shameful Coinbase hacker bought another 3,976 ether, worth more than $ 18.9 million, at $ 4,756 per token, according to Onchain data.

The purchase was made on Saturday, using 18.911 million DAI (Dai) According to to data from Arkham Intelligence. The Hacker combined the DAI values, from $ 80,000 to $ 6 million, before the implementation of multiple ETH purchases.

The Coinbase Hacker wallet has been under the monitoring of blockchain analysts since earlier this year. It has been reported tied to a $ 300 million+ social engineering scam that targets Coinbase users.

In May, Onchain Sleuth and Security Analyst Zachxbt estimated that the campaign Victims of defrauded at least $ 330 million. “Our number is probably less than the actual amount stolen because our data is limited to my DMs and theft we discovered on Onchain,” he said at that time.

Coinbase Hacker bought ETH. Source: Lookonchain

Related: Spot ETH ETF Inflows hits $ 216m, but data suggests a $ 5K ether price is not ‘already -Program’

Coinbase Hacker makes more Crypto trading

The latest ether accumulation follows a series of significant trading from the same address. Last month, the purse Got $ 8 million worth of Solana (Sol) in many purchases, which has since slipped below the entry price.

Prior to that, in July, the same purse scored 4,863 ETH ($ 12.55 million) and 649 ETH ($ 2.3 million) around $ 3,562 per token.

Meanwhile, Ether’s latest purchase came as ETH prices rose above $ 4,700 on Saturday to hit a local high of nearly $ 4,763, its highest level in more than two weeks. At the time of writing, the ETH traded at $ 4,718, up to 4.5% on the previous day.

Related: Latin American Devs favor Ethereum and Polygon in new chains: Report

Trader turns $ 125,000 to $ 6.8 million in hyperliquid

A crypto trader in hyperliquid changed a $ 125,000 deposit With a $ 303 million leveraged long in Ether, a peak equity of $ 43 million before appearing with $ 6.86 million in real income. The position is built within four months by continuous integration and high action.