BlockBeats news, on October 2, on-chain detective ZachXBT revealed that the attacker in the Coinbase hack converted approximately 5 million DAI to about 5 million USDC, and the funds remained in USDC form for 35 minutes. Due to Circle not performing a compliance freeze, these funds were subsequently transferred cross-chain. The hacker stole over $300 million from Coinbase users by bribing customer service.
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