Overview

• Ember CN reported the address swapped 7.957 million DAI for USDC, bridged to Solana, and bought 38,126 SOL at an average price near $208.7.
• The purchase marks the third notable trade linked to the wallet after a May sale of 26,347 ETH for 68.18 million DAI and a July repurchase of 5,513 ETH for 14.865 million DAI.
• Solana’s recent strength has cooled, with the token near $202 on Monday, placing the new position in paper losses relative to the purchase price reported Sunday.
• Roughly 70,000 Coinbase users were affected in the breach, which investigators say stemmed from bribed overseas support contractors who helped expose sensitive customer data.
• Coinbase said it refused a $20 million ransom demand, pledged reimbursement for affected users, offered a $20 million reward for information leading to an arrest, and projected remediation costs of up to $400 million.