***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
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