ChainCatcher report: According to on-chain analyst Yujin, the AFX Trade hacker has begun converting ETH to BTC via the cross-chain exchange tool THORChain. The AFX Trade bridge was compromised two days ago, resulting in the theft of 24.15 million USDC, which were subsequently exchanged for 12,500 ETH. One hour ago, the hacker began transferring ETH through THORChain to convert them into BTC; so far, 655.4 ETH have been cross-chain exchanged for 18.86 BTC.
AFX Trade Hacker Converts 655.4 ETH to BTC via THORChain
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Summary
ETH news: The AFX Trade hacker has begun using THORChain to swap ETH for BTC. The hacker previously stole 24.15 million USDC, converting it to 12,500 ETH. In the last hour, 655.4 ETH was processed through THORChain, yielding 18.86 BTC. ETH update: This movement underscores continued cross-chain activity involving the stolen funds.
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