AFX Trade Hacker Begins Converting ETH to BTC via THORChain

Chainthink

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Summary

ETH news: On July 25, the AFX Trade hacker began using THORChain to convert ETH into BTC. The hacker previously stole 24.15 million USDC and exchanged it for 12,467.4 ETH. Approximately one hour ago, 655.4 ETH was converted into 18.86 BTC via the same protocol. ETH update: This movement indicates continued activity by the hacker following the bridge exploit.

ChainThink reports that, on July 25, according to Ember Monitoring, the AFX Trade hacker began exchanging ETH for BTC using the cross-chain swap tool THORChain.

The AFX Trade bridge was hacked two days ago, resulting in the theft of 24.15 million USDC, which were subsequently exchanged for 12,467.4 ETH.

Approximately one hour ago, hackers began swapping ETH for BTC across chains via THORChain, with 655.4 ETH already exchanged for 18.86 BTC.

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