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Bitget Hack Stolen Assets Flow into Bitcoin Through THORChain

Guavy AI Editorial Team
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BTC ETH RUNE
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A recent hack at Bitget has resulted in millions of dollars' worth of stolen Ether being exchanged for Bitcoin through THORChain. The assets involved, valued at $351.6 million, show funds moving from ETH into BTC on September 28.

The transactions demonstrate an active on-chain movement of assets linked to the Bitget hack. This exchange is part of a larger effort to convert stolen Ether into another cryptocurrency.

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