In a startling development, the hacker responsible for the Coinbase Commerce breach has re-emerged after nearly two years of silence, raising alarms in the cryptocurrency community. The report expresses concern that the recent movements of stolen funds have reignited discussions about the security measures in place for digital assets.
Massive Transfer of Ethereum into Tornado Cash
In January 2026, the attacker transferred a staggering $54 million worth of Ethereum into Tornado Cash, a privacy-focused protocol that allows users to obscure the origins of their funds. Additionally, they moved $58 million in DAI to a new wallet, further complicating the tracking of these illicit assets.
Concerns Following the Original Exploit
This resurgence of activity comes on the heels of the original exploit that took place in April 2024, when the attacker first compromised Coinbase Commerce. The recent transactions have raised significant concerns among investors and security experts alike, prompting calls for enhanced protective measures within the cryptocurrency ecosystem.
As the cryptocurrency community grapples with the recent Coinbase Commerce breach, a new report highlights the growing consumer adoption of on-chain card payments, signaling a shift in payment methods. For more details, see consumer adoption.
