Two hacker-linked wallets used DAI to buy large amounts of ETH on the same day

Two hacker-linked wallets used DAI to buy large amounts of ETH on the same day

N
News Editor
2026-07-12 08:54:15
Two hacker-linked addresses made large ETH purchases with DAI on the same day, according to on-chain analyst Ember. One wallet tied to funds stolen from Coinbase users bought 4,049.7 ETH with 7.378 million DAI in the early hours of the day, at an average price of about $1,822 per ETH. A second address, described as a wallet that moved ETH out of Tornado Cash in November last year and later converted it into DAI, bought 2,405 ETH with 4.34 million DAI two hours before the report. The average purchase price for that transaction was about $1,804 per ETH. The activity was flagged by Ember and cited by ChainCatcher. No further transaction details were provided in the source.
ETHDAIhacker walleton-chain dataEmberCoinbaseTornado Cash

Two hacker-linked addresses bought large amounts of ETH with DAI on the same day, according to on-chain analyst Ember, as cited by ChainCatcher.

One wallet tied to funds stolen from Coinbase users used 7.378 million DAI in the early hours of the day to buy 4,049.7 ETH, at an average price of about $1,822.

A second address, described in the report as a wallet that transferred ETH out of Tornado Cash in November last year and converted it into DAI, bought 2,405 ETH with 4.34 million DAI two hours before the report. The average price was about $1,804 per ETH.

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