Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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ZachXBT: Circle did not freeze the funds in the Coinbase hack, and the hackers have now transferred them across the blockchain.
2025-10-02 10:38

According to ZachXBT, the attacker's address (0x8Da...Ea30) linked to the Coinbase security incident has experienced further activity. The attacker initially exchanged approximately 5 million DAI for 5 million USDC and, after holding the USDC for approximately 35 minutes, transferred the funds via a cross-chain bridge.

ZachXBT noted that Circle appears to have failed to freeze the USDC funds within that timeframe, with some of the funds reportedly being transferred via Circle’s official Cross-Chain Transfer Protocol (CCTP).