Wallet associated with 'Coinbase hacker' purchases $8M in Solana
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 25 2025
Coinbase Hacker Activity: A wallet identified as the "Coinbase hacker" purchased $8 million in Solana using funds reportedly obtained from a theft of over $300 million from Coinbase users.
Previous Transactions: The hacker previously sold 26,762 Ether for $69.25 million and made multiple purchases of Ether in July, indicating ongoing trading activity with stolen assets.
Radiant Capital Exploit: Another hacker linked to the Radiant Capital exploit has increased their stolen stash from $49.5 million to over $105 million through trading activities.
Trading Ineffectiveness: Some hackers have faced losses in trading, with one wallet selling Ether at a loss during market downturns, highlighting that not all hackers are skilled traders.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
