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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…
