The third-wave Coldcard exploiter has moved about 10% of the stolen funds through THORChain, according to Cointelegraph. Blockchain researchers tracking the assets said the transactions led to a new Ethereum address, indicating that part of the stolen Bitcoin was swapped for Ether. The activity adds a new movement of funds to the ongoing tracing of assets linked to the Coldcard exploit. THORChain is a cross-chain liquidity protocol that enables swaps between blockchain networks, including Bitcoin and Ethereum. The report did not provide a value for the transferred funds or details on the identity of the exploiter. Bitcoin, Ether and THORChain’s RUNE token may remain relevant to market watchers monitoring the transactions and their potential effect on on-chain flows.
