Thief – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 25 Aug 2025 18:32:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Thief – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Crypto Sleuths Trace $8 Million Solana Buy to Alleged Coinbase Thief https://earlybirdsinvest.com/crypto-sleuths-trace-8-million-solana-buy-to-alleged-coinbase-thief/ https://earlybirdsinvest.com/crypto-sleuths-trace-8-million-solana-buy-to-alleged-coinbase-thief/#respond Mon, 25 Aug 2025 18:32:38 +0000 https://earlybirdsinvest.com/crypto-sleuths-trace-8-million-solana-buy-to-alleged-coinbase-thief/

Blockchain security firms have tracked a wallet suspected of being linked to a Coinbase



$3.54B

theft after it used millions in stablecoins to purchase Solana
SOL


$197.42

.

The wallet recently carried out several large purchases of SOL. The transactions totaled about $8 million in value.

According to a report by Lookonchain, the wallet first swapped DAI
DAI


$0.9988

for USDC
USDC


$0.9990

, then used a bridge to transfer funds over to the Solana network. Once there, it completed multiple trades by buying 38,126 SOL at prices near $209 per token.

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At the time of reporting, Solana’s value had dropped to around $202.15, which indicates that the wallet’s new holdings had already decreased in value.

This wallet has been active for several months. In May, Lookonchain highlighted a large sale of 26,762 ETH
ETH


$4,577.09

from the same address, worth about $69.25 million at that point.

In July, the wallet made two ETH purchases, one on the 7th for 4,863 ETH ($12.55 million), and another on the 19th for 649 ETH ($2.3 million), with Lookonchain citing a purchase price of $3,5621 per coin.

Arkham Intelligence labeled the address as the “Coinbase hacker”, while Lookonchain estimated that it may be tied to a theft exceeding $300 million from Coinbase-linked accounts.

Recently, Coinbase reported that the exchange lost around $300,000 in tokens. What did Chief Security Officer Philip Martin say? Read the full story.


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Art thief checks out rare manuscripts and steals them https://earlybirdsinvest.com/art-thief-checks-out-rare-manuscripts-and-steals-them/ https://earlybirdsinvest.com/art-thief-checks-out-rare-manuscripts-and-steals-them/#respond Wed, 13 Aug 2025 23:04:39 +0000 https://earlybirdsinvest.com/art-thief-checks-out-rare-manuscripts-and-steals-them/

An art thief used several aliases to acquire UCLA library cards that allowed him to check out and steal historic manuscripts from China.

If you fail to return a library book, there is a fine; however, if you return a fake book and the librarians never check, you may be able to skip the penalties and keep the book. Sadly, it did not work out for Jeffrey Ying, of Fremont, California, who swapped out three precious manuscripts from UCLA’s Young Research Library, as the librarians caught on as he attempted a fourth steal.

According to the affidavit by an FBI agent, Ying would use multiple aliases to obtain library cards and check out the rare manuscripts from the UCLA Young Research Library. He replaced the manuscripts with “dummy books” that he returned in the boxes the library uses for the manuscripts.

Ying presumably took the manuscripts overseas, according to his travel history, which shows that he flew to California from Hong Kong, Shanghai or Seoul and back around the time of each of the thefts over the past 13 months.

The UCLA police first alerted the FBI when three rare books from the university’s East Asian Library, two of which were valued at $70,000 and $63,000, respectively, were missing from storage after they had been reviewed by a man calling himself Alan Fujimori. The books need to be reserved in advance because they are kept in secured storage.

Courthouse News Service

Previously:
• How Stéphane Breitwieser stole over a billion dollars worth of art, and the sad desperate destruction that ensued
• The juice bottle that brought down an art thief

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Crypto Thief Gets 12 Years After Dodging $20 Million Repayment Deal https://earlybirdsinvest.com/crypto-thief-gets-12-years-after-dodging-20-million-repayment-deal/ https://earlybirdsinvest.com/crypto-thief-gets-12-years-after-dodging-20-million-repayment-deal/#respond Sat, 12 Jul 2025 10:32:09 +0000 https://earlybirdsinvest.com/crypto-thief-gets-12-years-after-dodging-20-million-repayment-deal/

US District Judge Alvin Hellerstein has handed Nicholas Truglia a 12-year prison term after the convicted crypto scammer failed to repay Michael Terpin, CEO of Transform Group.

The ruling, according to a July 11 report by Bloomberg, came after Truglia ignored a court order to return over $20 million he took in a 2018 scheme.

Truglia was first sentenced in 2022 and received an 18-month prison term, followed by three years of supervised release, along with an agreement to repay the stolen funds.

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At the time, he claimed he was willing and able to repay the full amount, with evidence showing he held assets valued at more than $61 million. However, court documents reveal he never sent any repayment and actively avoided efforts to collect the money.

In his order filed July 2, Judge Hellerstein wrote, “Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen. Despite evidence at the original sentencing that he owned assets worth $61,830,828.10, well above the imposed restitution obligations <…> he made no restitution payments”.

Prosecutors stated that Truglia’s refusal to pay and his attempts to evade enforcement efforts justified the harsher punishment.

The theft dates back to a SIM-swapping attack on Terpin’s phone number. By convincing mobile carrier staff to transfer the number to a SIM card he controlled, Truglia was able to intercept one-time security codes and access Terpin’s cryptocurrency accounts.

Recently, Raymondip Bedi and Patrick Mavanga were jailed for a total of 12 years in the UK for running a fake crypto investment scheme. How did the case unfold? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Thief Behind Massive Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT https://earlybirdsinvest.com/thief-behind-massive-coinbase-exploit-swaps-stolen-crypto-and-trolls-on-chain-sleuth-zachxbt/ https://earlybirdsinvest.com/thief-behind-massive-coinbase-exploit-swaps-stolen-crypto-and-trolls-on-chain-sleuth-zachxbt/#respond Fri, 23 May 2025 19:06:38 +0000 https://earlybirdsinvest.com/thief-behind-massive-coinbase-exploit-swaps-stolen-crypto-and-trolls-on-chain-sleuth-zachxbt/

The thief behind the massive Coinbase exploit earlier this month has begun swapping their stolen crypto.

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

ZachXBT also notes that the thief trolled him with an on-chain message that said “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), according to the blockchain security firm PeckShield.

Image
Source: PeckShield/X

PeckShield also notes that a different address that is “highly relevant to the threat actor” received 9,081 ETH from THORChain, then swapped that ETH for 23 million DAI.

That relevant address later received another 8,569 ETH (worth approximately $22.4 million) from THORChain.

Coinbase says criminals bribed a small group of overseas customer support agents to copy the data of less than 1% of the firm’s monthly transacting users. A recent filing with the Maine Attorney General’s Office indicates the breach impacted 69,461 people.

The exchange notes that hacked information includes names, addresses, phone numbers, email addresses, masked social security numbers (the last 4 digits only), masked bank-account numbers, some bank account identifiers, government-ID images, account data and limited corporate data.

Coinbase learned about the hack after receiving an email earlier this month demanding a $20 million BTC payoff in exchange for not releasing the illegally obtained info. The company refused to give in to the hackers’ demand and estimates it will pay $180 million to $400 million in remediation costs and voluntary customer reimbursements.

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