{"id":8661,"date":"2025-08-24T14:03:09","date_gmt":"2025-08-24T14:03:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-hacker-uses-stolen-crypto-to-buy-38126-solana\/"},"modified":"2025-08-24T14:03:20","modified_gmt":"2025-08-24T14:03:20","slug":"coinbase-hacker-uses-stolen-crypto-to-buy-38126-solana","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-hacker-uses-stolen-crypto-to-buy-38126-solana\/","title":{"rendered":"Coinbase hacker uses stolen crypto to buy 38,126 Solana"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The hacker behind a recent Coinbase breach has surfaced with a 38,126 Solana purchase worth approximately $7.9 million, made with funds stolen from the exchange\u2019s customers.<\/p>\n<p>According to blockchain analyst Ember CN, the hacker converted 7.957 million DAI to USDC, then bridged these funds to the Solana network to purchase Solana (SOL) at an average price of $208.7.<\/p>\n<p>The purchase comes as Solana trades up over 17% in the last 30 days, though the token remains down 29% from its all-time high of $293 reached in January.<\/p>\n<p>This marks the third significant asset allocation move by the hacker behind the Coinbase breach in May.<\/p>\n<h3 class=\"wp-block-heading\">Hacker\u2019s strategic trading pattern spans over months<\/h3>\n<p>The Coinbase hacker has shown methodical trading behavior since gaining access to customer funds on at least two occasions:<\/p>\n<ul class=\"wp-block-list\">\n<li>In May, the hacker sold 26,347 Ethereum (ETH) for 68.18 million DAI. The sale was done at a price of $2,588.<\/li>\n<li>Two months later in July, the hacker repurchased 5,513 ETH with 14.865 million DAI at $2,696.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/EmberCN\/status\/1959464609552937112\" target=\"_blank\">X post by analyst EmberCN<\/a><\/figcaption><\/figure>\n<p>The $208.7 purchase price aligns with analyst predictions that SOL could rally toward $360.<\/p>\n<p>Technical analysis from trader Ucan indicates that Solana is currently moving within a rising channel, following the formation of a rounded bottom pattern.<\/p>\n<p>Key resistance levels include $215 for initial resistance, $227 for breakout confirmation, and $242 as a strong upside target. The channel top sits at $251.<\/p>\n<p>The hacker\u2019s timing coincides with bullish sentiment around Solana, with prominent trader <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ali_charts\/status\/1959288523447779337\" target=\"_blank\">Ali<\/a> recently asking to hold SOL until $360.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$SOL<\/a> | Technical Analyses <\/p>\n<p>Solana is moving within a rising channel after forming a rounded bottom. \ud83d\udc40<\/p>\n<p>Key levels to watch \ud83d\udc47<\/p>\n<p>\u2022 $215 \u2013 first resistance<br \/>\u2022 $227 \u2013 breakout confirmation<br \/>\u2022 $242 \u2013 strong upside target<br \/>\u2022 $251 \u2013 channel top<\/p>\n<p>As long as $190 support holds, the\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/mmdVSeH2Yl\">pic.twitter.com\/mmdVSeH2Yl<\/a><\/p>\n<p>\u2014 \ud835\udd80\ud835\udd88\ud835\udd86\ud835\udd93 (@Ucan_Coin) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ucan_Coin\/status\/1959246904573001742?ref_src=twsrc%5Etfw\" target=\"_blank\">August 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">Coinbase hack impact continues to unfold<\/h3>\n<p>The May Coinbase breach affected nearly 70,000 users through a coordinated social-engineering attack. Cybercriminals bribed overseas customer-support contractors to extract user records between December 2024 and May 2025.<\/p>\n<p>The attack compromised personal data, including full names, dates of birth, addresses, phone numbers, masked bank account numbers, and government-issued ID scans.<\/p>\n<p>Coinbase disclosed the incident publicly after receiving a $20 million ransom demand, which the company refused to pay.<\/p>\n<p>CEO Brian Armstrong pledged to reimburse affected customers. Additionally, he offered a $20 million reward for information leading to an arrest. The breach triggered an estimated remediation cost of up to $400 million for the exchange.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hacker behind a recent Coinbase breach has surfaced with a 38,126 Solana purchase worth approximately $7.9 million, made with funds stolen from the exchange\u2019s customers. According to blockchain analyst&hellip;<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8661"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8661\/revisions"}],"predecessor-version":[{"id":8662,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8661\/revisions\/8662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}