Coinbase hacker panics, loses $1 million in 2 days
The hacker behind the $300 million exploit targeting Coinbase users appears to be making costly mistakes in their trading moves involving Ethereum (ETH). On-chain Analysis indicates that on September 13, the hacker purchased 3,976 ETH worth $18.9 million at an average price of $4,756. However, just two days later, they liquidated the same holdings for $17.98 million at $4,522 per token, according to Arkham Intel data retrieved by Finbold on September 15. Coinbase hacker’s wallet transaction. Source: Arkham This quick turnaround resulted in an estimated $932,000 loss in only two days. The transaction coincided with the broader market sell-off in the past 24 hours, where Ethereum was among the hardest-hit assets. As of press time, ETH was trading at $4,493, down 2.6% in the last day. Notably, the hacker has remained active in recent weeks, buying and selling several digital currencies. As reported by Finbold, in late August, they bought 38,126 SOL wor...
