Skip to content
Back to Guavy Wire
Crypto

AFX Trade Hacker Uses THORChain to Launder Stolen Funds

Instruments
BTC ETH USDC RUNE
Share

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.

More on Crypto

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc