More than 300 million dollars were stolen by a hacker on Coinbase users. The hacker has purchased 4,863 ETH costing a fortune of 12.55 million dollars. This was after it has sold 26,762 ETH, valued at $69.25 million. This move was prompted by the volatility of the ETH price. According to the information presented by CoinMarketCap, on July 6, 2025, the price of ETH reached 2,579.86 dollars. It is possible that the hacker transferred some funds in order to exploit price changes.
Hacker shifts stolen funds into ETH after Coinbase breach
Coinbase is one of those hacks that has become more frequent in number. According to blockchain analysis, advanced laundering methods were used. It is common to hide stolen financial resources using ETH transactions. The coinbase breach puts the increasing risk of digital assets into focus. ETH is used to launder stolen funds using hackers. The techniques applied by the hacker indicate highly professional crimes.
NiceHash hack in 2017 resulted in the loss of 64 million dollars. Stolen money is becoming more and more concealed by the hackers through numerous wallets and exchanges. These changing strategies make their work difficult. In spite of the investigation, hackers manage to hide their traces.
Laundering efforts raise global security concerns
It is an indication that there is a trend in crypto-based crime. To take away customer information hackers bribe insiders. The stolen data attracted a 20 million dollar ransom by the hacker. The cryptocurrencies enable hackers to launder easily. Blockchain analysis is a tool to find out criminals but not necessarily all of them.
Such increased risks demand increased security of digital assets.Blockchain analysis has made it effective in tracking stolen money. Law enforcers track several wallets in an attempt to unearth dark money. Exchanges make investments in more intensive security and monitoring instruments. Such attempts do not allow hackers to steal or launder money. More aggressive regulatory initiatives tend to reduce the number of crypto crimes.The cooperation of agencies enhances the prevention of crypto crimes. The current trackers based on blockchain are adapting to the criminal strategies. Enhanced international cooperation will combat crypto crimes in a better way.
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