AFX Trade Hacker Uses THORChain to Launder Stolen Funds
The hacker behind the AFX Trade attack has begun laundering stolen funds through THORChain. The attacker stole approximately $24.15 million in USDC and exchanged it for 12,468 Ether (ETH), with about 655 of those ETH already converted into 18.86 Bitcoin (BTC).
The conversion to BTC is taking place via the THORChain network. On July 23, AFX Trade was attacked, resulting in the theft of a significant amount of USDC.