Coinbase-Linked Hacker Spends $18.9M on Ethereum as ETH Surpasses $4700

Sources indicate that an entity suspected of involvement in the $300 million Coinbase hack has recently made a substantial purchase of Ethereum (ETH). Reports suggest the hacker spent approximately $18.9 million USD acquiring ETH as the cryptocurrency’s value surged past the $4700 mark. This activity raises questions regarding the hacker’s motives and the source of such significant funds following the alleged breach. The cryptocurrency community is closely monitoring these developments, particularly concerning the potential impact on the broader Ethereum market and the possibility of legal action against those implicated.