coin-img-ETHETH+1.51%coin-img-SOLSOL+2.45%coin-img-XRPXRP+4.10%coin-img-BTCBTC+2.34%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.01%coin-img-DOGEDOGE+2.58%coin-img-BNBBNB+3.81%coin-img-ETHETH+1.51%coin-img-SOLSOL+2.45%coin-img-XRPXRP+4.10%coin-img-BTCBTC+2.34%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.01%coin-img-DOGEDOGE+2.58%coin-img-BNBBNB+3.81%coin-img-ETHETH+1.51%coin-img-SOLSOL+2.45%coin-img-XRPXRP+4.10%coin-img-BTCBTC+2.34%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.01%coin-img-DOGEDOGE+2.58%coin-img-BNBBNB+3.81%coin-img-ETHETH+1.51%coin-img-SOLSOL+2.45%coin-img-XRPXRP+4.10%coin-img-BTCBTC+2.34%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.01%coin-img-DOGEDOGE+2.58%coin-img-BNBBNB+3.81%

UPDATE: Coldcard hacker starts converting stolen Bitcoin into ETH via THORChain, shifting roughly 10% of funds

AI Market Summary
A Coldcard-related hacker reportedly started swapping stolen BTC into ETH via THORChain, moving roughly 10% of the loot. The flow highlights active laundering/bridging activity and can raise near-term market sensitivity around tainted coin monitoring, exchange deposit risk controls, and potential law-enforcement follow-ups. It may also increase attention on cross-chain liquidity venues used for rapid asset conversion.
Impact level
● Medium
Affected assets
BTC/USDT+2.33%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
UPDATE: The hacker behind the Coldcard incident has begun swapping stolen Bitcoin for ETH through THORChain, moving about 10% of the funds.
Selected
BTC
BTC+2.26%
ETH
ETH+1.48%
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