EmberCN said the hacker behind the AFX Trade exploit has converted 12,467.4 ETH into BTC. The move followed the July 23 attack on AFX Trade’s Arbitrum bridge, which resulted in losses of about 24 million USDC. After the exploit, the attacker gradually moved the stolen funds from Arbitrum to Ethereum before carrying out the ETH-to-BTC swap. The update tracks how the stolen assets have been handled after the breach and points to continued fund movement across chains after the initial attack.
According to EmberCN, the hacker behind AFX Trade has swapped 12,467.4 ETH into BTC.
On July 23, AFX Trade’s Arbitrum bridge was hacked, with losses of about 24 million USDC. After that, the attacker gradually bridged the stolen funds from Arbitrum to Ethereum.
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