Coinbase Hacker Converts $18.91M DAI Into 3,976 ETH at $4,756 Average, On-Chain Analyst Reports
The post Coinbase Hacker Converts $18.91M DAI Into 3,976 ETH at $4,756 Average, On-Chain Analyst Reports appeared on BitcoinEthereumNews.com.
COINOTAG News on September 13 cited on-chain analyst Wu Jinyan, reporting that within a 30-minute window an address linked to the Coinbase incident executed a conversion of 18.91 million DAI to acquire 3,976 ETH, at an average purchase price of $4,756 per ETH. On-chain data shows a concentrated swap from stablecoin to Ether; such flows are routinely monitored by trading desks and compliance teams for potential market and custody implications. All figures are based on blockchain records as reported by COINOTAG and on-chain analytics, without attribution beyond the cited monitoring source. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/coinbase-hacker-converts-18-91m-dai-into-3976-eth-at-4756-average-on-chain-analyst-reports/
Filed under: News - @ September 13, 2025 5:27 am