Suspected Coinbase user scam-linked wallet transfers 3000000 units sUSDS and deposited 1,389.6 units ETH into Tornado Cash
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AT A GLANCE
Salus said that a wallet linked to a scam targeting Coinbase users transferred 3000000 units sUSDS, and deposited the converted proceeds in 36 transactions into Tornado Cash。
Article
Data: Coinbase user scam-linked wallet transfers 3000000 units sUSDS, which after conversion will be 1,389.6 ETH deposited into Tornado Cash
PANews October 24 According to Salus monitoring, a wallet reported in 2025 year-related coverage as allegedly linked to scam activities targeting Coinbase users has recorded new fund movements. The wallet transferred to a new wallet 3000000 units sUSDS, and after conversion, deposited the funds in 36 transactions into Tornado Cash, totaling 1,389.6 units ETH。
PANews reported on October 24 citing Salus monitoring information that a wallet recorded new fund movements.
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The wallet was identified in 2025 year-related coverage as allegedly linked to scam activities targeting Coinbase users.
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The wallet transferred to a new wallet 3000000 units sUSDS。
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After conversion, the funds were deposited in 36 transactions Tornado Cash, totaling 1,389.6 units ETH。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report described an on-chain fund transfer: a wallet previously reported as linked to scam activities transferred sUSDS to a new wallet, and after conversion, split ETH into multiple deposits into Tornado Cash. The split deposits are an explicitly described operation, but the source did not state the funds' ultimate destination or use.
Why it matters to readers
A large amount of funds was transferred from a wallet alleged to be involved in fraud and moved into Tornado Cash, which may make the subsequent flow of funds more difficult to observe directly. Therefore, the address's subsequent activity and whether any law-enforcement action occurs warrant attention.
Newcomers should distinguish between “on-chain transfers detected through monitoring” and “the wallet definitively belonging to the scam party”: the transfer data comes from Salus's monitoring claims, while the scam link is merely relayed from 2025 year-related coverage. Do not determine solely from this message that ETH price or that the relevant parties have violated the law.
Risks and unknowns
The source did not provide an on-chain transaction hash or address, so the transfer cannot be independently verified based on the available evidence.
The link between the wallet and scam activities targeting Coinbase users has not been independently substantiated by the source.
The source did not explain the specific process, platform, or exchange rate for converting sUSDS into ETH.
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The source did not state where the funds went after being deposited into Tornado Cash.
The source did not mention freezing, sanctions, law-enforcement action, or any impact on market prices.
Related concepts
Wallet
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