Coinbase hacker uses stolen crypto to buy 38,126 Solana

[u/Realistic_Poetry5800]

https://crypto.news/300m-coinbase-hacker-purchases-solana-stolen-crypto/

[u/Calm_Voice_9791]

Terrible timing.

[u/coinfeeds-bot]

tldr; The hacker behind a recent Coinbase breach used stolen funds to purchase 38,126 Solana (SOL) worth $7.9 million. The hacker converted DAI to USDC, bridged to the Solana network, and bought SOL at an average price of $208.7. This marks the third major asset move since the May breach, which affected 70,000 users through a social-engineering attack. Coinbase refused a $20 million ransom and pledged to reimburse customers, incurring remediation costs of up to $400 million. The hacker's actions align with bullish sentiment around Solana's price trajectory.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/AgitatedDragonfly769]

These scammers are dumb but what about the people who fall for them.

[u/Frustrated_Bettor]

What's the benefit of swapping to Solana?

[u/tobypassquarant → u/Frustrated_Bettor]

Shitcoin funding to continue the scam.

[u/ECOEXIT → u/Frustrated_Bettor]

Wash-trading, cleaning illegally acquired funds.

-Purchase & hold your Sol shitcoin on a clean wallet,

-Use the stolen funds to pump up your own shitcoin,

-Sell it, the money is now “clean.”

[u/light_death-note]

Goddamn it