AFX Trade Hacker Begins Laundering Stolen Funds Through THORChain
Uk Jin
Summary
- The hacker behind the attack on AFX Trade converted stolen USDC into Ether (ETH) and is now swapping it into Bitcoin (BTC).
- The attacker stole about 24.15 million USDC and exchanged it for 12,468 Ether, of which about 655 Ether has been converted into 18.86 Bitcoin.
- The THORChain (RUNE) network is being used to convert the stolen funds into Bitcoin and launder them.
Forecast Trend Report by Period
The hacker behind the attack on decentralized exchange AFX Trade has begun converting the stolen funds into Bitcoin in what appears to be an effort to launder the assets.
EmberCN reported on July 25 that the attacker started swapping the stolen Ether into Bitcoin. The hacker stole about 24.15 million USDC in the July 23 attack on AFX Trade and exchanged the proceeds for 12,468 Ether.
The Bitcoin conversions were carried out through THORChain. So far, about 655 Ether has been swapped for 18.86 Bitcoin.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.