The password wallet connected to the notorious $ 300 million coinbase hack reappeared as another suspicious movement of Etherrium Blockchain.
According to the warm chain data of ARKHAM Intelligence during the weekend, this address acquired 3,976 ETHs of about $ 18.9 million. The purchase was executed using the stable coin of 18.9 million DAI and was divided through several transactions before it was integrated into the purchase.
This transaction occurred with Ether Lee’s bankruptcy of more than $ 4,700, the highest level of two weeks. Currently, ETH is trading at $ 4,538, down 2.9% over the last 24 hours.
ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
Bold acquisition pattern
This is not the first time that the wallet made the waves. In July, 4,863 ETHs were purchased for $ 12.6 million and later added 649 ETH to $ 3,562 per token. Last month, the same wallet earned a $ 8 million Solana (SOL), but the position slipped below the immigration price.
Analysts show this strategy’s intentional funding that can often be seen in funded laundry tactics. The transaction is divided into smaller amounts and the use of personal information protection tools makes the hacker mask the movement, making it more difficult to track.
Blockchain Investigator ZACHXBT previously warned that coinbase -related social engineering frauds could take at least $ 330 million from the victims, which could be quite high.
Concerns about increasing encryption hacking are growing.
According to a security company, Peckshield, the latest Ether Leeum purchase has a loss of mussels in the cryptocurrency industry.
Such wallets continue to be a big threat to investor trust as they move from smart contract bugs to social engineering and cross chain bridge vulnerabilities.
Coinbase has not been confirmed even if it offers $ 20 million rewards for information about the perpetrators and security strengthening. The latest $ 19m eth grab proves the elasticity and boldness of cyber criminals in the space.
As encryption rally and institutional inflow increases, hackers are simply a deeper strategy of wearing a strong momentum or washing the stolen funds? Regulatory authorities and blockchain investigators are closely watching, but now there are more questions in the encryption world than the answer.
The image of CHATGPT, the ETHUSD chart of TradingView
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