At least 1,789 BTC stolen in Coldcard hack, 10% transferred via THORChain

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$79,700.00-1.92%
This is the logo of the coin.
ETH
$2,453.74-2.42%
AI summary iconSummary
Hackers linked to the third wave of Coldcard wallet thefts have begun moving at least 1,789 BTC, valued at $115 million. Approximately 10% of the BTC has been converted to ETH via THORChain, with multiple transactions failing and being retried. Researchers have connected these transfers to a new Ethereum address currently under investigation. BTC dominance remains under pressure as the broader exploit affected 8,865 addresses. Authorities and crypto firms are monitoring the stolen funds.

Odaily Planet Daily reports, according to Bitcoin News monitoring, the hacker linked to the third wave of Coldcard wallet thefts has begun moving stolen funds, exchanging Bitcoin for ETH via THORChain. Alex Thorn of Galaxy Research stated that approximately 10% of the stolen BTC has been transferred, while the remaining 90% remains untouched. The attacker reportedly encountered difficulties during the fund conversion, with multiple THORChain transactions being rejected and retried. Researchers have traced the related exchange operations to a new Ethereum address, which Alex Thorn said has been shared with relevant authorities and cryptocurrency companies. Galaxy Research noted that the broader Coldcard vulnerability exploitation incident has resulted in at least 1,789 BTC lost across 8,865 addresses, valued at approximately $115 million at the time of the theft.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.