The hacker behind a latest Coinbase breach has surfaced with a 38,126 Solana buy value roughly $7.9 million, made with funds stolen from the trade’s clients.
In accordance with blockchain analyst Ember CN, the hacker transformed 7.957 million DAI to USDC, then bridged these funds to the Solana community to buy Solana (SOL) at a median worth of $208.7.
The acquisition comes as Solana trades up over 17% within the final 30 days, although the token stays down 29% from its all-time excessive of $293 reached in January.
This marks the third vital asset allocation transfer by the hacker behind the Coinbase breach in Might.
Hacker’s strategic buying and selling sample spans over months
The Coinbase hacker has proven methodical buying and selling habits since having access to buyer funds on a minimum of two events:
- In Might, the hacker bought 26,347 Ethereum (ETH) for 68.18 million DAI. The sale was performed at a worth of $2,588.
- Two months later in July, the hacker repurchased 5,513 ETH with 14.865 million DAI at $2,696.
The $208.7 buy worth aligns with analyst predictions that SOL might rally towards $360.
Technical evaluation from dealer Ucan signifies that Solana is at the moment shifting inside a rising channel, following the formation of a rounded backside sample.
Key resistance ranges embrace $215 for preliminary resistance, $227 for breakout affirmation, and $242 as a powerful upside goal. The channel high sits at $251.
The hacker’s timing coincides with bullish sentiment round Solana, with outstanding dealer Ali just lately asking to carry SOL till $360.
Coinbase hack affect continues to unfold
The Might Coinbase breach affected practically 70,000 customers by way of a coordinated social-engineering assault. Cybercriminals bribed abroad customer-support contractors to extract consumer data between December 2024 and Might 2025.
The assault compromised private information, together with full names, dates of beginning, addresses, cellphone numbers, masked checking account numbers, and government-issued ID scans.
Coinbase disclosed the incident publicly after receiving a $20 million ransom demand, which the corporate refused to pay.
CEO Brian Armstrong pledged to reimburse affected clients. Moreover, he provided a $20 million reward for data resulting in an arrest. The breach triggered an estimated remediation price of as much as $400 million for the trade.
