According to Onchain Lens monitoring, a notable blockchain activity emerged on January 26, 2023. The attacker linked to the Coinbase Commerce breach reactivated after a year-long dormancy, converting $5.9 million worth of DAI stablecoins into 2,038 ETH before routing them through privacy protocols.
The operation utilized one of the current mainstream privacy solutions, leveraging its decentralized relay mechanism to sever direct transaction linkages. Data indicated an average conversion rate of $2,894, suggesting the actor selected a relatively stable market window for asset liquidation.
Cybersecurity analysts noted that such post-dormancy fund movement patterns warrant attention. While privacy tools increase tracking complexity, the temporal correlations in on-chain data may still reveal certain behavioral patterns of the operator.