Coinbase Hacker spends $8 million to buy $SOL

The infamous hacker who stole over $300 million from Coinbase recently conducted an exclusive acquisition of Solana ($Sol) Tokens. According to data from Onchain Lens, Coinbase hackers spent $8 million to buy $SOL. The on-chain analytics provider revealed on social media that the hackers had carried out the acquisition within hours. Overall, each activity took into account a variety of chains and wallets to complicate tracking.

Coinbase Attacker buys 38,126 $SOL by spending 26,347 $ETH

Coinbase hackers who own “0xcc3…3c638” and “7reyc…n7doh” purchased $38,126 Sol for $8 million within two hours. This development takes place quite a bit after hackers steal up to $300 million from Coinbase. During this time, exploits not only redistribute assets, but are also actively accumulating them. Notably, in July this year, hackers traded $12.5 million for $DAI for ETH up to $4,863. Separately, on May 22, the attacker sold ETH for almost $26,347.

Hackers perform $eth and $usdc movements to mask origin

According to Onchain Lens, Coinbase attacker transfer history shows patterns that include reception, bridging and trading funds across a diverse chain. Specifically, $eth and $usdc are frequently shifted by wallet-to-wallet exploits. Each move shows efforts to obfuscate the origins of the funds while keeping access to significantly more liquid assets intact. Furthermore, Exploiter continues to shift its holdings, and the latest $SOL Acquisition is another example of such a thing.