Coinbase Hacker Trolls Crypto Sleuth Zachxbt After moving $ 42 million in Bitcoin

The threat actor behind massive thefts of Coinbase users has taken over to spot openly prominent on-chain Speurz-Zachxbt, with the help of a public Ethereum transaction as a Taunt.

It was first unveiled by Zachxbt through a notification on the Telegramkanaal Research.

Zachxbt has identified the threat actor as the same person or group behind the data breach aimed at Coinbase users.

“L Bozo,” De Hacker wrote on Wednesday evening via an Ethereum transaction With the help of the Blockchain’s input data message function.

The message was followed by a link to a YouTube meme video NBA legend James are worthy to smoke a cigar.

The Hacker message, in jargon, was used to mock Zachxbt as a “loser” or someone who takes the “L” incompetent, who stands for “loss”.

Zachxbt claims that the transaction was carried out after the threat actor moved around $ 42.5 million from Bitcoin to Ethereum with the help of Thorchain, a swapping protocol.

Data from Etherscan from the same address, marked as “fake_phishing1158790”, shows the threat actor moved A separate amount of 8,698 ETH (approximately $ 22.6 million) per hour after the messages that Zachxbt are taunting.

The messages come as a coinbase publicly recognized Last week that at least 69,400 of the users was exposed to one data breach arising from December last year. The infringement was discovered on May 11 this year, according to one submit At the office of the Attorney General of Maine.

After disclosure in the past week, attackers then demanded a ransom of $ 20 million in Bitcoin to prevent the release of information.

Coinbase refused the ransomOffer the same amount instead as a premium for information that leads to the arrest of the responsible person.

Decrypt Coinbase achieved commentary on the implications of the accusations of the threat actor against Zachxbt.

The company is now confronted with an estimated financial hit between $ 180 million and $ 400 million as a result of remediation efforts and potential customer compensation.

Who is Zachxbt?

Zachxbt is known in the Crypto community for exposing crypto -scamming, hacks and fraudulent schemes.

In 2023, Zachxbt was confronted with a defamationBut was quickly supported by more than $ 1 million in donations from the crypto community, with the support of high-profile crypto figures, including Binance founder Changpeng “CZ” Zhao and Tron founder Justin Sun.

Last year Zachxbt, who uses a pseudonym, was in another involvement Debate on anonymity In crypto circles. Research-driven Crypto-investment firm Paradigma hired De Speur van Onchain as an advisor for incidental response in February.

Published by Sebastian Sinclair