Coinbase Hacker Converts $18.91M DAI Into 3,976 ETH at $4,756 Average, On-Chain Analyst Reports

COINOTAG News on September 13 cited on-chain analyst Wu Jinyan, reporting that within a 30-minute window an address linked to the Coinbase incident executed a conversion of 18.91 million DAI to acquire 3,976 ETH, at an average purchase price of $4,756 per ETH.

On-chain data shows a concentrated swap from stablecoin to Ether; such flows are routinely monitored by trading desks and compliance teams for potential market and custody implications. All figures are based on blockchain records as reported by COINOTAG and on-chain analytics, without attribution beyond the cited monitoring source.