A recent exploit of the Coinbase security breach, dating back to December 2024, continues to disrupt the cryptocurrency market. An estimated $23.23 million in DAI were recently exchanged from a major Bitcoin address linked to the incident. This move has sparked widespread scrutiny from blockchain security firms and independent analysts, who are closely monitoring the hacker’s actions. Notably, the hacker leveraged anonymizing platforms to exchange substantial ETH amounts for DAI. This action has created liquidity shifts within the decentralized finance (DeFi) space while increasing tensions among security experts. The address linked to the breach has also made several public statements mocking those investigating them, further fueling concerns about their audacity and intentions.