Coldcard Hacker Converts Stolen Bitcoin to Ethereum via THORChain
Source Summary
The third-wave Coldcard exploiter moved approximately 10% of stolen funds through THORChain, converting Bitcoin to Ethereum. Researchers traced the assets to a new Ethereum address.
Why it matters
The movement of stolen cryptocurrency through cross-chain bridges demonstrates ongoing efforts by attackers to obscure asset trails and complicate recovery or law enforcement tracking.
