Coinbase Hacker Acquires Additional $23 Million in Solana

A hacker involved in previous Coinbase thefts has significantly increased their Solana (SOL) holdings to over $46 million by converting DAI to USDC and bridging to Solana.

SOL
USDC
DAI

Summary

A hacker connected to previous Coinbase thefts has purchased an additional 111,323 Solana (SOL) for $23.23 million, bringing total holdings to 212,000 SOL, worth $46.18 million. The acquisition was made by converting DAI to USDC and bridging to Solana, acquiring SOL at $208.7 each.

Terms & Concepts
  • Solana (SOL): A high-performance blockchain supporting decentralized applications and crypto projects, known for low transaction fees and fast processing speeds.
  • DAI: A decentralized stablecoin pegged to the US dollar, issued by the MakerDAO protocol.
  • USDC: A fully collateralized U.S. dollar-backed stablecoin used in digital transactions.