Lookonchain
The Bitget hacker who stole $351.6 million is now swapping ETH for BTC through THORChain. The reported activity marks a change in the assets involved as the stolen funds move across the network.
Why it matters
The swaps connect a major crypto theft with cross-chain infrastructure, putting attention on how stolen funds are being moved between assets and networks.
Market impact
The seed reports ETH-to-BTC swaps but gives no further transaction details. The central development is the movement of funds attributed to the Bitget hacker through THORChain.
Frequently asked questions
-
What assets is the Bitget hacker reportedly swapping?
The hacker is reportedly swapping ETH for BTC.
-
Which platform is being used for the swaps?
The reported swaps are taking place through THORChain.
-
How much was stolen in the Bitget hack?
The seed identifies $351.6 million as the amount stolen.
-
What is the reported significance of the ETH-to-BTC swaps?
The swaps indicate a shift in the assets involved as the stolen funds move through THORChain.
-
Does the report state how much ETH has been converted to BTC?
No. The report says the hacker is swapping ETH for BTC but does not specify an amount.
WatcherGuru
TheBlock
CoinTelegraph
WuBlockchain
Crypto News
CoinDesk