Coinbase Data Breach: Hacker Mocks Analysts After Shifting Stolen Bitcoin to Ethereum

Following a data breach that exposed sensitive information from nearly 97,000 Coinbase users, the hacker behind it has mocked analysts tracking their movement. The hacker swapped $42.5 million in Bitcoin to Ethereum and left a public message mocking blockchain sleuth ZachXBT and other researchers. This audacious act of defiance unfolded just after Coinbase refused to meet a $20 million ransom demand. The incident has shaken the crypto community, raising concerns about further breaches while the industry vows to defend itself aggressively against the attack.