Crypto Hacker Linked to Coinbase Scam Buys More Tokens

A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.

According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases.

Solana is currently trading at $202.15, meaning the hacker has made a paper loss since the trade.

Blockchain analytics platform Arkham has flagged the wallet address as “Coinbase hacker,” while Lookonchain…