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Hacker Moves Funds from Coinbase to Solana, Purchases 38,126 SOL

Following multiple ETH trades, the hacker swapped 7.957 million DAI for USDC and shifted focus to Solana, acquiring 38,126 SOL tokens.

ETH
SOL
USDC

Summary

A hacker linked to stolen Coinbase funds converted 7.957 million DAI into USDC, bridged it to Solana, and purchased 38,126 SOL at $208.7 each. This follows prior actions in which they sold 26,347 ETH for 68.18 million DAI in May and repurchased 5,513 ETH in July, marking a shift from Ethereum to Solana.

Terms & Concepts
  • DAI: A stablecoin on the Ethereum blockchain, pegged to the US dollar and commonly used in decentralized finance (DeFi) transactions.
  • Solana (SOL): A high-performance blockchain known for fast transaction speeds and low fees, often used for decentralized applications and DeFi.