🚩 The hacker behind the May 2025 Coinbase exploit has used stolen funds to purchase 4,863 ETH for $12.5 million, accumulating over $45.36 million in Ethereum across two wallets. The original hack, involving insider collusion, caused losses of up to $400 million. Despite Coinbase's efforts to reimburse affected users and identify the perpetrators, the hackers continue to trade and convert stolen assets into ETH. The incident underscores ongoing security challenges in the cryptocurrency industry.
