Crypto wallet labeled as ‘Coinbase hacker’ buys $8M of Solana

The Radiant Capital hacker and another alleged unknown cybercriminal have also been seemingly making trades in the market, according to Lookonchain.

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

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