Two hacker-linked wallets spent 11.71 million DAI to buy ETH on July 12

Two hacker-linked wallets spent 11.71 million DAI to buy ETH on July 12

N
News Editor
2026-07-12 08:39:18
Two wallets tied to hackers bought Ether on July 12, according to on-chain monitor Ember. One hacker, identified as having stolen funds from Coinbase users, spent 7.378 million DAI early in the day to purchase 4,049.7 ETH at an average price of $1,822. A second address, which had received ETH from Tornado Cash in November last year, used 4.34 million DAI two hours before the report to buy back 2,405 ETH at an average price of $1,804. The combined purchase totaled 11.718 million DAI. The activity was flagged by Ember and cited by BlockBeats in a market update published on July 12. No other transaction details were disclosed in the report.
EthereumDAIhacker walletson-chain monitoringEmberCoinbaseTornado Cash

Two hacker-linked wallets bought Ether on July 12, according to Ember monitoring cited by BlockBeats.

One hacker, described as having stolen funds from Coinbase users, spent 7.378 million DAI early on July 12 to buy 4,049.7 ETH at an average price of $1,822.

Another address, which had received ETH from Tornado Cash in November last year, spent 4.34 million DAI two hours before the report to buy back 2,405 ETH at an average price of $1,804.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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