Coldcard Hacker Swaps Stolen Bitcoin via THORChain

A hacker linked to the third wave of Coldcard wallet thefts has started exchanging stolen Bitcoin for Ethereum through THORChain.

Galaxy head of research Alex Thorn reported on X that about 10% of the stolen funds had been moved through THORChain, with 90% remaining untouched.

'The hacker appears to be having some issues swapping all the funds through THORChain, they keep getting refunded and he keeps retrying,' Thorn said.