• A few months ago, the Coinbase CEO openly shared a blackmailing email he received from a supposed hacker that threatened to share sensitive information of Coinbase users. The CEO decided not to oblige the request of the scammer but instead offered a counter bounty.
• So far, the exchange has not publicly disclosed the amount of money lost in the hack. However, on-chain data has recorded a series of transfers linked to the hacker’s account.

On May 11, Coinbase, one of the biggest exchanges recognized globally, shared an email they received from an unsolicited address. According to what the CEO, Brian Armstrong, shared, the sender asked Him (Coinbase) to pay $20 million in order not to leak the sensitive information of users.

But other than paying it, the CEO decided that he would launch a bounty program that would offer anyone who could get the scammer $20 million. So far, there has been no update on the bounty, but more information has come out on the move of hacker.

What Has the Coinbase Hacker Been Up To?

In May, Tronweekly recorded that the Coinbase hacker made a transfer of about $42 million worth of Bitcoin. Prior to that time, the hacker swapped 17,800 ETH for $44.94 million DAI. During the May transfer, the hacker tried to troll the online sleuth ZachXBT, who has been following up with his case. In July again the hacker made some significant transactions.

Also Read: Coinbase Hacker Resurfaces with $42M BTC Transfer and Troll Comment to ZachXBT

At first, they bought Ethereum was worth $12.55 million, and a few days later, they also bought another stack worth $2.31 million. A few hours ago, on-chain data recorded another move by the hacker. According to Lookonchain, a wallet tagged as the “Coinbase hacker” bought about $8 million worth of Solana on Sunday.

Source: Lookonchain (X)

The Coinbase hacker swapped DAI for USDC and then moved it to the Solana chain and purchased 38,126 SOL at $209 per token. Immediately after the trade, Solana’s price went down to $202.15, causing the buyer to sit at a current loss. Arkham marked the wallet as tied to the hack, while Lookonchain linked it to the $300 million theft from users.

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