Coinbase Hacker Sells Ethereum at Loss, Nearly $1M Lost
An account linked to the May 2025 data breach known as "the Coinbase hacker" has been trading cryptocurrencies, as monitored by on-chain analysts. Recent trades resulted in nearly $1 million in losses during a capitulation event involving Ethereum.
- The May breach led to losses between $180 million and $400 million, with attackers tricking users into transferring funds.
- ZachXBT and Arkham Intelligence identified account addresses linked to the "Coinbase hacker," including address 0x15f4c13E0cA461e0ef23F6d35Bbeb5dCE2495879.
- On Sept. 13, the address purchased 3,976 ETH at $18.9 million ($4,756 per token) and sold it on Sept. 15 at a loss for $17.98 million ($4,522 per ETH), losing approximately $932,000.
Decentralized exchanges like CoW Protocol allow such trading due to their censorship-resistant nature, making it difficult to apply sanctions. The only prevention method is ensuring funds do not reach centralized systems or fiat off-ramps.
Ethereum (ETH) Price Analysis
Currently, ETH trades at $4,505, slightly below the "Coinbase hacker" capitulation point. It tests a 30-day support level, which may prompt upward movement if the market turns bullish after the upcoming Fed interest rate decision on Sept. 17.
If the support fails, ETH could test the 50-day exponential moving average, a key technical indicator. ETH has remained above this indicator since a breakout in May 2025, coinciding with the hacker's activity.