Bitcoin linked to the Coldcard theft has begun moving through a series of swaps, with part of the funds routed toward Ethereum. Blockchain analytics firm Bitquery traced 20.45 BTC across 34 swaps conducted on Sept. 2 and Sept. 3, according to CryptoSlate. The activity involved roughly $1.6 million in stolen Bitcoin, based on the source report. Bitquery’s tracking also found that the primary destination later held approximately five fewer ETH. The movement marks a shift in the status of funds that had previously remained parked, although the supplied data does not identify the final owner or explain the reason for the transfers. Bitcoin and Ethereum are the directly affected assets in the reported transactions; no further disposition of the funds was provided.
