Crypto Hacker Linked to Coinbase Scam Buys More Tokens

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A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.

According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases.

Solana is currently trading at $202.15, meaning the hacker has made a paper loss since the trade.

Blockchain analytics platform Arkham has flagged the wallet address as “Coinbase hacker,” while Lookonchain…



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Crypto Hacker Linked to Coinbase Scam Buys More Tokens


A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.

According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases.

Solana is currently trading at $202.15, meaning the hacker has made a paper loss since the trade.

Blockchain analytics platform Arkham has flagged the wallet address as “Coinbase hacker,” while Lookonchain…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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