The Coinbase Hacker Amasses Ethereum with Bold Moves

In July, a hacker responsible for one of the largest data breaches in Coinbase‘s history purchased Ethereum (ETH) for the second time, causing over $300 million in damages. The blockchain analytics platform Lookonchain reported that the wallet labeled as the Coinbase hacker acquired 649.62 ETH for $2.31 million within just 12 hours at an average price of $3,561 per ETH. Earlier that month, the same wallet had bought 4,863 ETH for $12.55 million at an average price of $2,581 each. Following a sale of 26,762 ETH in May for $69.25 million, the hacker began accumulating Ethereum aggressively amid the rising prices.