A hacker involved in the recent wave of thefts from Coldcard wallets has begun the process of converting stolen bitcoins into Ethereum through THORChain, as reported by Alex Thorn, the head of research at Galaxy. Thorn noted that about 10% of the stolen bitcoins have been transferred, while the vast majority—90%—remains in the original wallet addresses.
Galaxy previously linked the hacking incident to the theft of a minimum of 1,789 BTC from 8,865 different addresses. This transfer of funds represents the first instance of movement from the hacker's original wallets in this latest wave of thefts.
