Coinbase Hacker Launders Millions After Data Breach, Challenges Investigators Publicly

A recent data breach at Coinbase has taken a dramatic turn after the hacker began laundering funds and publicly challenged investigators. On-chain activity reveals a significant movement of stolen cryptocurrency as the hacker swaps $42.5 million in Bitcoin and 8,697 ETH for $22 million in DAI. This is indicative of an elaborate laundering process designed to conceal illicit gains. The breach primarily involved rogue overseas support agents bribed by cybercriminals to acquire sensitive Coinbase customer data.