Coldcard hackers begin moving stolen BTC via THORChain, with 10% transferred

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The hackers behind the Coldcard wallet theft are now moving the stolen BTC via THORChain, converting it to ETH. Approximately 10% of the stolen funds have been transferred, with the remainder still held in wallets. Researchers tracked the movement to a new Ethereum address associated with altcoins, which is being closely monitored. Galaxy Research reported that 8,865 addresses were affected, with total losses amounting to 1,789 BTC, or $115 million. Multiple THORChain transactions failed and were retried. Moving averages on major exchanges show no significant price movements yet.

ChainCatcher report, according to Bitcoin News monitoring, the hacker linked to the third wave of Coldcard wallet thefts has begun moving stolen funds for the first time, 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 activities to a new Ethereum address, which Alex Thorn said has been shared with relevant authorities and cryptocurrency companies. Galaxy Research noted that the broader exploitation of the Coldcard vulnerability has resulted in at least 1,789 BTC lost across 8,865 addresses, valued at approximately $115 million at the time of the theft.

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