- Coinbase Hacker Wallet bought 4,863 ETH for $ 12.5 million using DAI at $ 2,569 per room.
- Slowmist data shows more than 5,900 ethors stolen still resident on Ethereum on 12,490 addresses.
The cryptography industry has increased considerably over the past decade, market capitalization exceeding 3.3 billions of dollars.
As the market develops, risks and vulnerabilities are associated with digital space, mainly from pirates contrary to ethics.
In the midst of this growing threat, Ethereum (ETH) has become particularly vulnerable and the favorite of pirates.
Coinbase Hacker resurfaces with a purchase of ETH $ 12.5 million
A Coinbase operating wallet is back in action. According to Onchain’s goal, the hacker who previously siphoned funds from a Coinbase user used $ 12.5 million in DAI to buy 4,863 ETH at a price of $ 2,569 per token.
Even after this acquisition, the pirate still has $ 45.36 million in DAI on two different wallets and probably plans to buy more ETH.
But this is not the first time that this portfolio has moved the waist
About two months ago, this same Pirate address had moved ETH, received via Thorchain.
In this episode, 26,347 ETH were sold for $ 68.18 million in DAI at an average price of $ 2,587.
The new purchase seems to be part of a wider attempt to run the stablescoins in ETH, perhaps to cover potential or muddy follow-up trails.
Ethereum is always the largest target
Surprisingly, the Pirate Coinbase is not an isolated case, Car Ethereum underwent the most security incidents in 2025.
According to Slowmist’s latest report, Ethereum has remained the most affected ecosystem, with losses reaching $ 38.9 million.
Source: Slowmist
In fact, the report has shown that 84.45% of all ETH has been punctuated at the BTC – out of 432,748 ETH worth $ 1.21 billion – passed by Thorchain.
Many of these tokens have been traced to hacks. To make things worse, more than 5,900 ethors stolen always reside on Ethereum itself, dispersed through 12,490 wallets.
Source: Slowmist
In one of the most prominent incidents of H1 2025, the Lazarus group stole approximately 500,000 ETH (worth 1.46 billion dollars) by Bybit.
After flying the funds, the group divided the funds and shared them on several portfolios.
With the Ethereum ecosystem holding various Pillet funds wallets, it reflects a security failure within the blockchain. This is a main concern not only for exchanges but also for individual holders.
Despite everything, ETH finds the request again
That said, ETH does not seem to collapse under the weight of these safety problems, at least not yet. However, the broader feeling of the market is nervous.
Source: Defillama
According to Defillama, net entrances for ETH on July 7 fell to $ 900 million, a contrast that hit with the previous days of neutral or positive flows.
These net outputs generally indicate panic outlets or benefits, but can also precede a price rebound if the dry sales pressure.
At the time of the report, Ethereum was negotiated at $ 2,573, marking a daily gain of 2.3%. This suggests that if the good news continues to emerge, ETH will also experience other gains on its price graphics.
Unless a clear optimistic catalyst emerges, the ETH should continue to negotiate between $ 2,400 and $ 2,600. That said, if the feeling improves, the next resistance is nearly $ 2,780.
