***USE BLOCKCHAIN.COM TO ANSWER THE QUESTIONS***

***ASSUME THE SMALLER TRANSACTION VALUE IS THE CHANGE ADDRESS FOR ALL QUESTIONS THAT ASK YOU TO IDENTIFY CHANGE***
 

Coinbase Account Hack Case Study

On November 30, 2021, a victim reported that their Coinbase account was hacked. The victim advised that the suspects converted over $20,000 of Ethereum and Solano into Bitcoin and then executed dozens of transfers in the amount of $100.  The victim advised that the suspect sent most funds to the following address:

              bc1qp2vjk39ajxwy5uh7xq6yr0gtgzhlkgk7xdecg9

Answer the following questions:

a. Why would the victim convert Ethereum and Solano to Bitcoin?

b. Why would the suspect conduct transfers in $100 increments?

c. Using Blockchain.Com trace to suspect’s address to until you think you have reached an exchange or mixing service.

               NOTE: Start with the below transaction hash and follow the hops

               221f7ad96d2c89aca0e72c2a7b39ea87518feb3c592fff962e340d530af01d0e

               NOTE: The smaller amount will be the changed address for this case