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    Home»Crypto News»Thief Behind Huge Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT – The Each day Hodl
    Thief Behind Huge Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT – The Each day Hodl
    Crypto News

    Thief Behind Huge Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT – The Each day Hodl

    By Crypto EditorMay 23, 2025No Comments3 Mins Read
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    The thief behind the huge Coinbase exploit earlier this month has begun swapping their stolen crypto.

    On Wednesday, pseudonymous on-chain investigator ZachXBT famous on Telegram that the exploiter had swapped $42.5+ million price of Bitcoin (BTC) into Ethereum (ETH) through the decentralized liquidity protocol THORChain (RUNE).

    ZachXBT additionally notes that the thief trolled him with an on-chain message that mentioned “L bozo” and linked to a YouTube video of former NBA star James Worthy smoking a cigar.

    The exploiter later swapped 8,697 ETH for 22 million of the stablecoin Dai (DAI), based on the blockchain safety agency PeckShield.

    Image
    Supply: PeckShield/X

    PeckShield additionally notes {that a} completely different handle that’s “extremely related to the menace actor” obtained 9,081 ETH from THORChain, then swapped that ETH for 23 million DAI.

    That related handle later obtained one other 8,569 ETH (price roughly $22.4 million) from THORChain.

    Coinbase says criminals bribed a small group of abroad buyer help brokers to repeat the information of lower than 1% of the agency’s month-to-month transacting customers. A latest submitting with the Maine Legal professional Common’s Workplace signifies the breach impacted 69,461 individuals.

    The trade notes that hacked data contains names, addresses, telephone numbers, e mail addresses, masked social safety numbers (the final 4 digits solely), masked bank-account numbers, some checking account identifiers, government-ID photos, account information and restricted company information.

    Coinbase realized in regards to the hack after receiving an e mail earlier this month demanding a $20 million BTC payoff in trade for not releasing the illegally obtained data. The corporate refused to provide in to the hackers’ demand and estimates it is going to pay $180 million to $400 million in remediation prices and voluntary buyer reimbursements.

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