The post Coinbase hacker panic-sold ETH during market crash at a $4.5M loss appeared on BitcoinEthereumNews.com. A hacker who stole 400 bitcoins (BTC) from a Coinbase user has panic-sold their ether (ETH) holdings during today’s crypto crash, losing over $4.5 million in the process. The price of ETH fell by 8.8% in the past 24 hours while BTC fell to $103,850, a 24-hour decrease of 6.2%. Overall, over $100 billion was wiped from crypto’s global market cap.  According to crypto analyst account Lookonchain, which has been tracking the hacker’s movements, the price swing spooked the thief into selling 8,638 ETH (worth $32.5 million at the time). The hacker originally purchased 9,240 ETH worth $39.5 million last Tuesday while the asset was worth $4,269. However, they sold it when it worth $3,775, leaving them to deal with a $4.5 million loss.  Read more: $600B gone in 30 minutes — inside crypto’s fastest-ever flash crash During last weekend’s crypto crash, the hacker also panic-sold 8,638 ETH (worth $32.5 million). At the time, ETH was priced at $3,764, and the trade lost them $5.5 million. They then bought back another 7,816 ETH, paying $32.5 million while it was worth $4,159. The source of the hacker’s funds, as noted by X user “Specter Analyst” and after cross-referencing the wallets with an investigation by ZachXBT, appears, at least in part, to be a scammed Coinbase user.   Indeed, the renowned crypto sleuth discovered that the user in question was apparently scammed out of 400 BTC, then worth almost $35 million. ZachXBT also uncovered numerous Coinbase user thefts that month that totalled over $46 million. They also noted that all these funds “were bridged from Bitcoin to Ethereum via Thorchain/Chainflip and swapped for DAI.” North Korea likes a good crypto trade Normally, crypto hackers are in a hurry to cover their tracks, launder the funds, and spend on typically lavish goods, (Rolex… The post Coinbase hacker panic-sold ETH during market crash at a $4.5M loss appeared on BitcoinEthereumNews.com. A hacker who stole 400 bitcoins (BTC) from a Coinbase user has panic-sold their ether (ETH) holdings during today’s crypto crash, losing over $4.5 million in the process. The price of ETH fell by 8.8% in the past 24 hours while BTC fell to $103,850, a 24-hour decrease of 6.2%. Overall, over $100 billion was wiped from crypto’s global market cap.  According to crypto analyst account Lookonchain, which has been tracking the hacker’s movements, the price swing spooked the thief into selling 8,638 ETH (worth $32.5 million at the time). The hacker originally purchased 9,240 ETH worth $39.5 million last Tuesday while the asset was worth $4,269. However, they sold it when it worth $3,775, leaving them to deal with a $4.5 million loss.  Read more: $600B gone in 30 minutes — inside crypto’s fastest-ever flash crash During last weekend’s crypto crash, the hacker also panic-sold 8,638 ETH (worth $32.5 million). At the time, ETH was priced at $3,764, and the trade lost them $5.5 million. They then bought back another 7,816 ETH, paying $32.5 million while it was worth $4,159. The source of the hacker’s funds, as noted by X user “Specter Analyst” and after cross-referencing the wallets with an investigation by ZachXBT, appears, at least in part, to be a scammed Coinbase user.   Indeed, the renowned crypto sleuth discovered that the user in question was apparently scammed out of 400 BTC, then worth almost $35 million. ZachXBT also uncovered numerous Coinbase user thefts that month that totalled over $46 million. They also noted that all these funds “were bridged from Bitcoin to Ethereum via Thorchain/Chainflip and swapped for DAI.” North Korea likes a good crypto trade Normally, crypto hackers are in a hurry to cover their tracks, launder the funds, and spend on typically lavish goods, (Rolex…