Coinbase Scammer Conducts Massive ETH Dump Via THORChain

A suspected scammer linked to the recent Coinbase scam has initiated a significant ETH sell-off, using new wallets and the THORChain decentralized platform. The individual has liquidated over $68 million in ETH, with the latest transaction involving the dumping of 8,776 ETH for $23.24 million DAI at an average price of $2,648 per ETH. This follows a larger sale of 26,554 ETH valued at approximately $68.72 million over the last two days, all executed through fresh wallets to evade detection.