Ethereum becomes the first choice for criminals to escape

In May 2025, a hacker hacked into Coinbase and exchanged $19 million of stolen funds for Ethereum. The invasion used social engineering methods, including bribery of customer service personnel, with an estimated loss of between $1.8 billion and $4 billion. Ethereum’s anonymous nature and market volatility (with a price fluctuation of more than $1,900 to $4,000 in 2025) make it the first choice for illegal transactions, although it has been widely adopted by institutions and has been continuously improving technology.