Coinbase Hacker Trades $42.5M Bitcoin for Ethereum

A recent security breach at Coinbase has exposed vulnerabilities in cryptocurrency exchange infrastructure and led to a significant financial loss. The hacker, connected to the December theft, converted stolen BTC to ETH via THORChain, highlighting the sophistication of laundering techniques in digital theft. This incident raises concerns about cross-chain bridges, exchange protocols, and regulatory action against illicit activities within the crypto industry.