INSUBCONTINENT EXCLUSIVE:
The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major
Worthy smoking a cigar.The message came after the attacker swapped about $42.5 million from Bitcoin (BTC) to Ether (ETH) via THORChain
ZachXBT flagged the message on his Telegram channel, linking it to the same entity responsible for the Coinbase data breach affecting at
least 69,400 users.Coinbase hacker trolling ZachXBT
Source: ZachXBT.On May 22, blockchain security firm PeckShield reported that the hacker had continued to move funds, swapping 8,697 ETH for
A separate but closely linked address, which received 9,081 ETH via THORChain, also converted the assets into 23 million DAI.Related: DOJ is
The stolen data includes names, home addresses and other personal information.Following the disclosure, the attackers demanded a $20 million
ransom in Bitcoin to prevent the release of the stolen data
Coinbase refused and instead offered a $20 million bounty for information leading to the identification of the hackers.The company estimates
a potential financial impact between $180 million and $400 million due to remediation costs and customer compensation.Coinbase has also
faced a wave of lawsuits following the revelation
At least six legal complaints were filed on May 15 and 16, with plaintiffs accusing the exchange of failing to implement adequate security
measures and mishandling its response to the breach.Related: Coinbase data leak could put users in physical danger: TechCrunch
comes as the protocol faces growing scrutiny over its role in facilitating illicit transactions.In March, the platform came under fire after
its swap volume surged following the $1.4 billion Bybit hack
The protocol generated over $5 million in revenue after processing $5.4 billion in swap volume, with over $1 billion moved in a single
block transactions linked to Lazarus was overturned.Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story
