Blockchain explorer showing flagged Coinbase hacker wallet buying 3,976 ETH.

Coinbase Hacker Wallet Buys $18.9M ETH — Wallet Activity Raises Questions

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Introduction The Coinbase hacker wallet has resurfaced in headlines after executing a large Ethereum purchase worth nearly $18.9 million. Blockchain explorers flagged the transaction, sparking intense debate within the crypto community about attribution, laundering, regulatory gaps, and market manipulation. While such wallets often lie dormant, the move suggests a new phase in how suspected exploit-linked…

Coinbase hacker wallet shown as a shadowy figure with Ethereum coins against a price rally chart.

Coinbase Hacker Wallet Snaps Up $18.9M ETH as Prices Climb

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Introduction: A Suspicious Wallet Emerges As Ethereum’s price crossed the $4,700 mark in mid-September 2025, traders and analysts celebrated what seemed like the beginning of another bullish leg for the second-largest cryptocurrency. Yet, beneath the euphoria, blockchain forensics firms flagged a disturbing development: a wallet previously tied to a Coinbase hack had suddenly become active…