• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
Reading: $300 Million Coinbase Hacker Acquires 3,976 Ether
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > $300 Million Coinbase Hacker Acquires 3,976 Ether
Crypto News

$300 Million Coinbase Hacker Acquires 3,976 Ether

vitalclick
Last updated: September 13, 2025 1:11 pm
3 weeks ago
Share
SHARE

Contents
How is Coinbase Hacker Making More Acquisitions?What is Coinbase Doing Against This? 

A notorious crypto wallet linked to the Coinbase hacker made another big crypto purchase. The $300 million Coinbase hacker added approximately 3,976 Ether for $18.9 million, when it is trading at $4,724.79. The crypto company is yet to drop a comment on this matter. 

How is Coinbase Hacker Making More Acquisitions?

Earlier this year, the hacker made purchases using stolen funds from the global crypto exchange, Coinbase. According to data from Arkham Intelligence, the hacker acquired more Ether on Saturday by using 18.911 million DAI.

He reportedly collected different amounts of the stablecoin DAI, ranging from $80,000 to $6 million, and then used those to buy Ethereum (ETH) in multiple transactions. The hacker has been moving and diversifying the stolen assets, using various methods to avoid detection, including breaking the purchases into smaller amounts and using privacy tools. 

This is part of a strategy to launder the stolen money through Ethereum and other cryptocurrencies. He even converts the stolen funds into ETH, which makes it easier to move and harder to trace. 

What is Coinbase Doing Against This? 

Earlier this year, in February, crypto investors ZachXBT and others accused Coinbase of failing to address security vulnerabilities and scam incidents. It has cost investors millions of dollars each month, but Coinbase is not lazing around. Instead, it took several steps to stop this heist. 

In May, Coinbase offered a $20 million reward for information leading to the arrest and conviction of those responsible for the attack. It also reported the breach to the SEC and said in its 8-K filing that it anticipates suffering a hit of $180 to $400 million in remediation costs and reimbursements. 

Moreover, the company invested in increased investor threat detection to ensure the stoppage of hacks. It also put out a detailed blog in May to compensate affected customers. Despite its strong efforts, it couldn’t identify the hacker, and he made another purchase. 

You Might Also Like

Cardano (ADA) Price Prediction, Expert Sets $15 Target

Levels to Watch Out for and January Expectations in Cryptocurrencies

Can Cardano Overtake BNB? Analyst Sets Double-Digit Target For ADA

Altcoin Season Here? Traders Rotate to XRP, Solana, ADA

Major XRP Update Drops – What’s Changing on the Ledger?

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Shibarium Bridge Suffers 4.6 Million BONE Exploitation, Team Freezes Funds
Next Article Coinpedia Digest: This Week’s Crypto News Highlights
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?