Security· ★★★★· bearish·

Bitget hacker converts stolen ETH to BTC via THORChain

  • —Wallet 0xf7bC received funds from an address tagged 'Bitget Hacker'
  • —Swaps included 85.75 ETH for 2.70 BTC and 100 ETH for 3.15 BTC
  • —The Bitget exploit is estimated at $351.6 million
  • —Only a portion of transactions is shown, not all stolen funds
Why it matters: Converting ETH to BTC via THORChain complicates tracing and freezing of stolen funds, adding pressure on the protocol.
#ETH#BTC
Source: Koin Bülteni
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