Coinbase Hacker Panic Sells ETH Bought 2 Days Ago, “Loses” Nearly $1M

Coinbase Hacker Panic Sells ETH Bought 2 Days Ago, “Loses” Nearly $1M


In the comments, one person asked, “Why is a ‘hacker’ allowed to do trading freely,” questioning the lack of sanctions applied to what is claimed to be a known hacker, fueling skepticism of the label applied by Lookonchain’s analyst. While there is no direct response in the thread on X, the answer is simple: The address is limiting its activities to decentralized currencies, like ETH and DAI, on decentralized exchanges, like CoW Protocol. As far as the decentralized finance environment is concerned, “code is law.” The way to fight such cases is prevention—by writing solid and secure systems that cannot be breached or are built on top of privacy solutions that make sure that, even when a breach occurs, there is nothing of value there to be used by the attackers.

Author: Vini Barbosa


Published at: 2025-09-15 21:41:45

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