Coinbase Hacker Buys 9,240 ETH ($39.4M) After Panic-Selling 8,638 ETH, Incurring $5.5M Loss
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News on October 14, citing on-chain monitoring by LookIntoChain, reports that the wallet associated with the Coinbase hacker purchased 9,240 ETH at an average acquisition price of $4,269, totaling approximately $39.45 million; these figures derive from publicly observable transactions and on-chain price references.
Separate transaction records show the same actor panic-sold 8,638 ETH during last week’s market decline, generating roughly $32.5 million at an average sale price of $3,764. Comparing the sale and subsequent purchase prices implies a realized loss near $5.5 million, calculated from the reported averages and excluding potential fees, slippage or off-chain adjustments.