Coinbase Hacker’s Shady Money Laundering Exposes New Tactics

A hacker responsible for the devastating Coinbase data breach has taken brazen actions, not only laundering stolen crypto but also mocking blockchain sleuths who are trying to track their illicit movements. On-chain investigations reveal a series of transactions involving the conversion of 8,697 ETH into 22 million DAI, with another address receiving 9,081 ETH through THORChain, both followed by massive DAI conversions totaling $23 million in value. PeckShield flagged these suspicious activities as part of a wider money laundering strategy.