Coinbase Hacker Taunts Investigator After $42M BTC Transfer

The hacker behind the recent Coinbase security breach has resurfaced, moving $42 million in Bitcoin while mocking blockchain investigator ZachXBT. The attacker’s latest provocation includes a meme video and an ethereum blockchain message saying "L bozo," adding insult to injury ten days after the exchange disclosed the breach affecting 69,000 user accounts. While the total losses remain unconfirmed, on-chain data reveals significant movement of stolen funds, raising concerns about the security of centralized exchanges and the audacity of cybercriminals in the crypto space.

Coinbase Hacker Resurfaces with $42M BTC Transfer and Troll Comment to ZachXBT

The perpetrator behind the Coinbase security breach has reemerged, transferring $42 million in Bitcoin while taunting blockchain investigator ZachXBT. The hacker’s latest provocation—a meme video and an Ethereum blockchain message reading "L bozo"—comes ten days after the exchange disclosed a breach affecting 69,000 user accounts.

While the full extent of losses remains unconfirmed, on-chain data reveals the hacker converted 17,800 ETH into $44.94 million worth of DAI via THORChain. The brazen activity underscores ongoing security challenges in digital asset markets.

New Bitcoin Whales Cash Out, Is a Correction Coming Soon?

Bitcoin surged to a record $112,000 on Coinbase on May 22, marking a 47% rebound from its April low of $76,000. The rally has drawn sharp contrasts in whale behavior—recent buyers are cashing out while long-term holders remain steadfast.

Volatility spiked as short-term whales liquidated positions, yet persistent taker buy orders and low NRPL suggest underlying bullish momentum. Market structure echoes past cycles where profit-taking preceded renewed upside.