According to Alex Thorn, Research Director at Galaxy Digital, the attacker in the COLDCARD Wave 3 incident has for the first time moved the stolen funds, converting a portion of them to Ethereum via the cross-chain decentralized exchange THORChain. This marks the first on-chain transfer of funds from the original attacker address in any of the Wave 1, Wave 2, or Wave 3 incidents.
COLDCARD Wave 3 hacker transfers stolen funds via THORChain to Ethereum
TechFlowShare
Summary
Ethereum news emerged as the COLDCARD Wave 3 hacker executed the first on-chain transfer of stolen funds, using THORChain to swap assets into Ethereum. This marks the first on-chain activity detected from the original attacker’s address across Waves 1, 2, or 3. The transaction was tracked by on-chain analysts and reported by TechFlow.
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