The Coinbase Hacker Has Resurfaced in the Crypto Space Again After Transferring $42 Million Worth of Bitcoin

The Coinbase hacker has resurfaced in the crypto space again after transferring $42 million worth of Bitcoin while openly trolling the popular blockchain investigator ZachXBT

The Coinbase hacker has resurfaced in the crypto space again after transferring 42 million in Bitcoin while openly trolling the popular blockchain investigator ZachXBT.

The hacker sent a message mocking ZachXBT through the Ethereum blockchain input data on Wednesday. This happened ten days after Coinbase publicly revealed that they had a security issue that affected more than 69,000 user accounts.

Coinbase Hacker Sends Slang and Meme Video to ZachXBT After Transferring 42 Million in Bitcoin

With the Ethereum input feature, the hacker wrote “L bozo,” a slang used to qualify a loser, basically calling him a loser. The message also had a YouTube link to a meme video of NBA legend James Worthy smoking a cigar; the video was also sent to tease the investigator.

ZachXBT went on to share the details of the event on this Telegram channel called “Investigations.” There he pointed out that the same person or group was behind the earlier Coinbase breach that exposed thousands of users’ private information.

Losses and Liquidation Recorded So Far from the Coinbase Hack

The details of the Coinbase hack are still yet to be fully confirmed, especially in regard to the amount of money that has been lost so far. According to some sources, Coinbase’s loss stands between 180 million and 400 million, especially when the costs of cleanup and paying affected users are put into consideration.

On Tuesday, an report covered on X said that the hacker started turning stolen funds into stablecoins, swapping about 17,800 ETH for about 44.94 million in DAI within two hours. These trades were made using THORChain, a tool that lets users exchange crypto across networks without needing a central service. According to the record, the swap happened with the ETH price at 2,528, with one trade alone changing 9,080 ETH into roughly 22.82 million in DAI.

It’s also important to take note that in February, ZachXBT shared a post on X saying that Coinbase users lost about 300 million every year to social engineering scams.