After a short interval of inactivity, a hacker linked to the $300 million Coinbase hack has resurfaced. The hacker acquired 4,863 ETH, price round $12.55 million, sparking anticipations about their subsequent transfer. What’s behind this transfer?
Coinbase Hacker Acquires $12.55M ETH
According to Lookonchain data, the Coinbase hacker who stole $300 million from the platform has not too long ago made a daring transfer. Earlier at the moment, the hacker purchased 4,863 ETH ($12.55M) at a value of $2,581 per token.
The transaction follows a big liquidation occasion in May, the place the entity offloaded 26,762 ETH, valued at $69.25 million, at $2,588 per ETH. This new transaction coincides with a bullish development within the Ethereum value because the token is trading at $2,562, up 1.9%. Over the previous week and month, the token has seen extra notable surges of 4.5% and a couple of.6%.
About two months in the past, the identical hacker deal with bought 26,347 ETH, obtained by THORChain, for $68.18 million in DAI at a median value of $2,587. Now, they’ve made a brand new buy, doubtless as a part of a method to convert stablecoins again into ETH.
As reported by CoinGape in May 2025, Coinbase faced a significant data breach, ensuing within the lack of delicate knowledge belonging to high-profile customers like Sequoia Capital’s Managing Partner, Roelof Botha. According to Coinbase, a hacker compromised the info of 97,000 customers by bribing a buyer assist worker primarily based outdoors the United States.
What’s Driving the Hacker’s Latest ETH Buy?
Notably, the Coinbase hacker’s ETH buy has raised eyebrows, notably concerning their motive. As this transfer comes amid the positive crypto market trend, the group believes that the hacker stays bullish, particularly on Ethereum. An analyst on X wrote, “Not the usual average hacker. This dude knows not only how to hack but also how to move in crypto world.”
The group members additionally humorously underscored the hacker’s intelligent technique, including that their danger administration expertise are higher than many within the crypto area. They stole $300 million, probably profited from the next market pump, and now they’re shopping for again earlier than a possible uptrend.
Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts greater than 3 years of expertise in content material writing, with experience in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
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