Someone was drained for $18M (~5800 ETH) from their Coinbase account 9 hours ago. Funds were immediately transferred to instant exchanges and bridged to Bitcoin via THORChain, tBTC, and Wan Bridge.

Theft address
0xf2fB2844C46C19A623957Ed6DBaB148301B18161

maybe this is a dumb question, but who holds 18M in a hot wallet?

Building /oval - a newborn creative community in Barcelona.

Tbf I wouldn’t consider the coinbase app a “hot wallet” - If properly configured it’s pretty much impossible to 1 click phish yourself.