Hacker Acquires $12.5 Million in Ethereum Via Coinbase: Will Questions over Safety Influence Ethereum's Course?
**Article Title: Coinbase Hacker's ETH Purchases in 2025: A Look at the Details, Consequences, and Implications for Ethereum Security**
In a recent development, the infamous Coinbase hacker has made another significant move in the cryptocurrency market, purchasing 4,863 Ether (ETH) for approximately $12.55 million. This transaction, which took place at an average price of around $2,581 per ETH, comes after the hacker sold a substantial portion of their stolen funds earlier this year.
The hacker, who had previously moved ETH, receiving them via THORChain and selling 26,347 ETH for $68.18 million in DAI, still holds a substantial amount of DAI, totaling $45.36 million across two wallets. This suggests that the hacker may be planning to further invest in ETH.
The purchase coincides with a bullish trend in Ethereum, with the token experiencing a price increase. This indicates that the hacker may be anticipating a further rise in ETH's value. However, unless a clear bullish catalyst emerges, ETH is likely to continue trading between $2,400 and $2,600. Should sentiment improve, the next resistance lies near $2,780.
The ongoing activity of the Coinbase hacker underscores the continued vulnerability of cryptocurrency exchanges to hacking and exploitation. This includes the potential for using stolen funds to manipulate market prices or launder money. The ability of hackers to use platforms like THORChain to convert stolen funds into stablecoins or other cryptocurrencies raises concerns about the need for enhanced regulatory oversight and international cooperation to combat such activities.
The frequency and scale of these transactions emphasize the importance of robust security measures within the cryptocurrency ecosystem, including improved internal controls and external monitoring to prevent and track illicit transactions. As the crypto industry continues to grow, with the market cap exceeding $3.3 trillion, it is crucial to ensure the safety and integrity of digital assets for all users.
In one of the most high-profile incidents of H1 2025, Lazarus Group stole approximately 500,000 ETH (worth $1.46 billion) from Bybit. Ethereum remained the most hit ecosystem in 2025, with losses reaching $38.9 million. Over 5,900 stolen ETH still reside on Ethereum across 12,490 addresses, reflecting a security failure within the blockchain.
In conclusion, the recent transactions by the Coinbase hacker highlight both the sophistication of cybercriminals in navigating the cryptocurrency market and the ongoing need for enhanced security and regulatory measures to protect users and maintain the integrity of digital assets. As the crypto industry continues to evolve, it is essential to stay vigilant and proactive in addressing these challenges to ensure a secure and thriving digital economy.
- The Coinbase hacker's recent purchase of 4,863 Ether (ETH) for approximately $12.55 million indicates their ongoing interest in crypto investing.
- The hacker's purchase of ETH coincides with a bullish trend in Ethereum, suggesting they might be anticipating a further rise in ETH's value.
- The hacker still holds a substantial amount of DAI, hinting at potential further investments in ETH.
- The ongoing activity of the Coinbase hacker underscores the need for enhanced security measures in the cryptocurrency ecosystem, including improved internal controls and external monitoring.
- The frequency and scale of these transactions emphasize the importance of robust security measures within the cryptocurrency industry, as it continues to grow and approach a market cap exceeding $3.3 trillion.
- The most high-profile incident of H1 2025 was the Lazarus Group stealing approximately 500,000 ETH from Bybit, with Ethereum being the most hit ecosystem in 2025.
