Walled labeled as 'Coinbase hacker' buys $18.9M in Ether as ETH breaks above $4,700

A wallet tied to the $300 million Coinbase hack bought 3,976 Ether for $18.9 million, doubling down on ETH amid its recent push above the $4,700 level.

A crypto wallet linked to an infamous Coinbase hacker has bought another 3,976 Ether, worth over $18.9 million, at $4,756 per token, according to onchain data.

The purchase was made on Saturday, using 18.911 million DAI (DAI), according to data from Arkham Intelligence. The hacker consolidated various DAI amounts, ranging from $80,000 to $6 million, before executing multiple ETH buys.

The Coinbase hacker wallet has been under surveillance by blockchain analysts since earlier this year. It’s reportedly tied to a $300 million+ social engineering scam that targeted Coinbase users.

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