Coldcard Hacker Moves Stolen Bitcoin for Ether via THORChain
- A hacker linked to the Coldcard wallet thefts has swapped approximately 10% of stolen Bitcoin for Ether.
- The total theft involved at least 1,789 Bitcoin from over 8,865 addresses, valued at around $114.7 million.
- Onchain analysts tracked the funds through THORChain to a new Ethereum address, which has been reported to authorities.
- The hacker faced difficulties in completing the swaps, experiencing multiple refunds during transactions.
- Prior movements included sending 64 Bitcoin and 200 Ether to mixers like Tornado Cash.
These developments highlight ongoing vulnerabilities in cryptocurrency security and the challenges faced by hackers in liquidating stolen assets. The activity follows a recent exploit where attackers targeted a researcher wallet designed to test security measures.
As of now, only about 10% of the stolen funds have been moved onchain, with significant amounts still remaining untouched by the hacker’s actions.
