The wallet tied to the AFX Trade exploit has started rotating funds again, this time moving from ETH into BTC through THORChain, according to monitoring by EmberCN. The latest activity follows the July 23 hack of AFX Trade’s bridge, in which 24.15 million USDC was stolen. Those funds were later converted into 12,467.4 ETH. EmberCN said the attacker began using THORChain about an hour before the update to cross-chain swap ETH for BTC. So far, 655.4 ETH has been exchanged for 18.86 BTC. The sequence outlined in the monitoring update shows a clear shift in the composition of the stolen assets, from USDC to ETH and now partly into BTC.
The hacker behind the AFX Trade exploit has started converting ETH into BTC through cross-chain swap protocol THORChain, according to EmberCN.
AFX Trade’s bridge was hacked on July 23, with 24.15 million USDC stolen. The stolen USDC was later swapped into 12,467.4 ETH.
EmberCN said the attacker began moving ETH through THORChain about an hour before the update. So far, 655.4 ETH has been cross-chain swapped into 18.86 BTC.
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