#StablecoinLaw $300 Million Coinbase Hacker Makes Sudden Comeback ⚖️⚖️⚖️

The hacker who breached Coinbase user data, causing over $300 million in losses, is back at it, this time making a big bet on Ethereum.

According to Lookonchain, the wallet marked "Coinbase hacker" got 649.62 ETH for about $2.31 million in just nine hours at a price of $3,561.

Earlier this month, the same wallet bought 4,863 ETH equivalent to $12.55 million at $2,581, which is a strong push back into crypto after previously offloading 26,762 ETH in May for $69.25 million at around $2,588.

The wallet activity has been closely tracked by on-chain sleuths, with most purchases routed through the CoW Protocol to minimize slippage and visibility.