CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-05-22 04:56:57

Coinbase Hacker Taunts ZachXBT, Swaps $42.5M BTC to ETH

Onchain sleuth and blockchain analyst ZachXBT revealed they were mocked by the Coinbase hacker, who on Thursday swapped roughly $42.5m in Bitcoin for Ether on Thorchain. The hacker appears to have left an on-chain taunt reading “L bozo” aimed at ZachXBT on May 22. The phrase “L bozo” combines internet slang for “loser” with a term for a foolish person. By stamping this message on the blockchain, the hacker aimed to belittle ZachXBT and show contempt for those pursuing them. Image Source: Etherscan Coinbase Refuses $20M Ransom Demand Last week, Coinbase disclosed that a hacker had bribed a customer service agent to access account details for nearly 97,000 users. The stolen data included government-issued IDs and potentially email addresses, though passwords and private keys remained secure. After accessing this information, the hacker demanded a $20m ransom, threatening to sell or misuse the records for phishing scams or further social-engineering attacks. Coinbase refused to pay and instead offered a $20m bounty to capture the perpetrator, later confirming that 69,461 clients’ data had been compromised. Following the ransom refusal, the hacker has now executed a large-scale token swap, converting $42.5m in BTC into ETH via Thorchain. Subsequently, the attacker sold 8,698 ETH for $22.12m in DAI, a move tracked in real time by on-chain analysts. According to ZachXBT, the hacker accused of stealing Coinbase user data swapped approximately $42.5 million worth of BTC for ETH via Thorchain and left a taunting message on-chain. The hacker had previously bribed a customer service agent to obtain information on nearly 97,000… — Wu Blockchain (@WuBlockchain) May 22, 2025 Incident Costs May Top $400M Coinbase revealed the breach occurred in December and only came to light earlier this month. The company said overseas agents were manipulated into copying sensitive records, and it has since terminated the employees involved. Meanwhile, the US Department of Justice has opened a formal probe into the security lapse at Coinbase. The exchange also announced a bounty program to incentivize tips leading to the culprit’s arrest. Coinbase estimates that direct and indirect costs tied to the incident could climb as high as $400m. The fallout has forced the company to strengthen its insider-threat safeguards, including enhanced agent screening and real-time transaction monitoring. As the industry grapples with the attack, observers warn that social engineering remains a constant threat to digital asset firms and call for stricter internal controls to safeguard customer data. The post Coinbase Hacker Taunts ZachXBT, Swaps $42.5M BTC to ETH appeared first on Cryptonews .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta