Bullish
AFX Trade Hacker Swaps 655.4 ETH for 18.86 BTC via THORChain
2026-07-25 17:02:50
Following the $24.15M AFX Trade bridge hack, the attacker converted 655.4 ETH to 18.86 BTC on THORChain, continuing the laundering of stolen 12,500 ETH.
Woofun AI reports that the entity responsible for the AFX Trade bridge compromise has initiated cross-chain swaps using THORChain. The hacker, who stole 24.15 million USDC two days ago and converted it into 12,500 ETH, exchanged 655.4 ETH for 18.86 BTC within the last hour.
WOOFUN AI
Impact Assessment · Quick Read
The conversion of stolen ETH to BTC via THORChain indicates an active effort to obfuscate the trail of the $24.15M heist. As BTC offers higher liquidity and easier off-ramping, this move may accelerate the finalization of the theft. Monitoring further THORChain activity is critical for tracking the remaining stolen assets.
Generated by WOOFUN AI · For reference only, not investment advice
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