Hacker Behind $300M Coinbase Breach Loses Nearly $1M on Ethereum Trade

HKAN | Sep 22

 

Coinbase Hacker Reportedly Suffers $1M Loss on ETH Trade

The hacker who orchestrated the $300 million Coinbase breach has reportedly suffered a major financial setback — losing nearly $1 million on a recent Ethereum trade.

According to the report, the attacker attempted to capitalize on ETH price volatility but ended up liquidated after a sudden market swing.

From Major Heist to Costly Loss

This incident highlights the high-risk nature of crypto trading, even for those who acquire funds illicitly. Despite holding a massive stolen war chest, the hacker’s failed trade has already burned through a significant portion of the haul.

Industry Response

Security experts say this serves as a reminder that:

• Tracking stolen funds works — many blockchain analytics firms monitor hacker wallets

• Trading stolen funds is risky — attackers can lose holdings in volatile markets

• Victims may still recover assets if law enforcement and exchanges cooperate

This twist adds a layer of irony to the breach — showing that even hackers can face huge losses in crypto markets.