Coinbase-linked crypto scammer moves $1.11M through Tornado Cash
- —About $1.11 million was swapped into ETH and sent to Tornado Cash
- —8.3 ETH was bridged to Hyperliquid to buy spot XMR1
- —Roughly $16 million remains untouched on the address for about a year
- —ZachXBT estimated Coinbase users lose over $300 million a year to social engineering
Why it matters: It shows that large-scale schemes targeting Coinbase customers keep laundering funds through mixers and bridges while staying visible on-chain.
Source: The Crypto Times