A crypto wallet connected to the notorious $ 300 million Coinbase Hack has again appeared with a new suspicious movement on the Ethereum -Blockchain.
In the weekend, the address acquired 3,976 ETH worth around $ 18.9 million, according to data on Arkham Intelligence chains. The purchase was made with the help of 18.9 million DAI, a stablecoin, and spread over several transactions before they were consolidated in the purchase.
The transaction came just when Ethereum broke above $ 4,700, which marked the highest level in more than two weeks. Currently, ETH acts at $ 4,538, a decrease of 2.9% in the last 24 hours.
ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
A pattern of daring acquisitions
This is not the first time that the wallet has made waves. In July it bought 4,863 ETH for $ 12.6 million and later added 649 ETH for $ 3,562 per token. Last month the same wallet for $ 8 million in Solana (SOL), although that position has since gone under the entrance fee.
Analysts say that the strategy demonstrates intentional fund consolidation, often seen in money laundering. By breaking transactions in smaller quantities and using privacy tools, the hacker can mask movements, making it more difficult to follow the tracking.
Blockchain researcher Zachxbt Earlier estimated that the Coinbase-related Social Engineering SCAM has taken at least $ 330 million from victims, warning that the real figure can be considerably higher.
Growing concern about rising crypto -hacks
The newest Ethereum purchase shows wider care in the crypto industry, where only hack-related losses reached $ 163 million in August, according to security company Peckshield.
With exploits that shift from smart contract bugs to social engineering and cross-chain bridge vulnerabilities, portfolios such as these continue to pose a major threat to the trust of investors.
Although Coinbase offers a reward of $ 20 million for information about the perpetrators and the tightening of security, the hacker remains unknown. The newest ETH grip of $ 19 million proves the resilience and boldness of cyber criminals who work in space.
As crypto meetings and institutional inflow grow, the question remains: is the hacker simply at a bullish momentum, or is this part of a deeper strategy to wash stolen funds white? Regulators and blockchain researchers look closely, but for now the crypto world remains more questions than answers.
Chatgpt inaugural image, Ethusd -Graphic of TradingView
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