The hacker responsible for stealing data from over 69,400 Coinbase users sent a mocking message to investigator ZachXBT amid major financial maneuvers.
Hacker's Blockchain Message
On May 21, the hacker who previously stole data from Coinbase users used Ethereum transaction input data to send the message 'L bozo' along with a video of NBA player James Worthy. This came after swapping about $42.5 million from Bitcoin to Ether via THORChain.
Legal Repercussions for Coinbase
The Coinbase breach was first reported in December 2024 and discovered on May 11. The leak included personal information of users such as names and addresses. After the breach, attackers demanded a $20 million ransom in Bitcoin, which Coinbase refused, instead offering a reward for information about the hackers. This resulted in the company facing a wave of lawsuits from users regarding inadequate security measures.
THORChain Under Scrutiny
The hacker's use of THORChain to swap $42.5 million worth of Bitcoin into Ether has drawn attention to the platform's involvement in facilitating illicit transactions. In March, following the Bybit hack, the platform faced criticism for its role in laundering stolen funds, with suspicions pointing to North Korea's Lazarus Group.
The situation with the hacker and Coinbase continues to evolve in the wake of legal repercussions and increased scrutiny on cryptocurrency exchange platforms. Cyberattacks pose significant challenges for both users and companies operating within the crypto industry.
