The thief behind the massive Coinbase exploit earlier this month has begun swapping their stolen crypto.
On Wednesday, pseudonymous on-chain investigator ZachXBT noted on Telegram that the exploiter had swapped $42.5+ million worth of Bitcoin (BTC) into Ethereum (ETH) via the decentralized liquidity protocol THORChain (RUNE).
ZachXBT also notes that the thief trolled him with an on-chain message that said “L bozo” and linked to a YouTube video of former NBA star James Worthy smoking a cigar.
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The exploiter later swapped 8,697 ETH for 22 million of the stablecoin Dai (DAI), according to the blockchain security firm PeckShield.
Source: PeckShield/X
PeckShield also notes that a different address that is “highly relevant to the threat actor” received 9,081 ETH from THORChain, then swapped that ETH for 23 million
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