A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.
data-ct-non-breakable=”null” href=”https://x.com/lookonchain/status/1959470081127379425″ rel=”https://x.com/lookonchain/status/1959470081127379425″ target=”https://x.com/lookonchain/status/1959470081127379425″ title=”https://x.com/lookonchain/status/1959470081127379425″>According to Lookonchain, the hacker converted DAI ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/dai-price-index” rel=”https://cointelegraph.com/dai-price-index” target=”https://cointelegraph.com/dai-price-index” title=”https://cointelegraph.com/dai-price-index”>DAI) to USDC ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/usdc-price-index” rel=”https://cointelegraph.com/usdc-price-index” target=”https://cointelegraph.com/usdc-price-index” title=”https://cointelegraph.com/usdc-price-index”>USDC), then bridged to the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/what-is-solana-and-how-does-it-work” rel=”https://cointelegraph.com/news/what-is-solana-and-how-does-it-work” target=”https://cointelegraph.com/news/what-is-solana-and-how-does-it-work” title=”https://cointelegraph.com/news/what-is-solana-and-how-does-it-work”>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…
