ChainCatcher report: According to monitoring by Galaxy’s research lead, the attacker behind the COLDCARD Wave 3 breach has for the first time transferred the stolen funds, exchanging them for ETH via THORChain, a cross-chain DEX. This marks the first on-chain transfer of funds originating from the original hacker address in any of the Wave 1, 2, or 3 incidents.
COLDCARD Wave 3 hacker moves stolen funds via THORChain
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Summary
According to on-chain news from ChainCatcher, Galaxy Research Director noted that the COLDCARD Wave 3 hacker has initiated the first on-chain transfer of stolen funds. The attacker converted the assets to ETH via THORChain. This is the first time funds have been moved from the original hacker address in Waves 1, 2, or 3. ETH news highlights ongoing activity as the hacker begins to liquidate the stolen assets.
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