The hacker behind the massive Coinbase data breach is not only laundering tens of millions in stolen crypto but has also resorted to public mockery of blockchain sleuths attempting to track their activity.
On-chain evidence shows that the attacker recently converted 8,697 ETH into 22 million DAI, a dollar-pegged stablecoin. Around the same time, a separate address – believed to be part of the same operation and which had received 9,081 ETH via THORChain – was used to convert those funds into another $23 million in DAI.
The transactions, flagged by PeckShield, indicate an effort to move the illicit funds into stable assets, as part of a broader money laundering strategy.
On-Chain Troll
What makes this case especially brazen is the attacker’s decision to taunt ZachXBT, a well-known crypto sleuth, using Ethereum’s transaction message field to deliver an insult and a meme video link. The message, simply stating “L bozo,” was followed by a clip of NBA legend James Worthy smoking
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