Coldcard hacker swaps stolen Bitcoin for ETH via THORChain28m, Coldcard hacker swaps stolen Bitcoin for ETH via THORChainThe third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.
- Posted on September 3, 2026
- By Cointelegraph
- 10 Views
- 1 min read
Security researchers have identified ongoing criminal activity related to the Coldcard wallet breach, with threat actors converting approximately 10% of illegally obtained Bitcoin holdings into Ethereum. The perpetrators utilized THORChain's decentralized exchange functionality to facilitate the cross-chain asset swap, subsequently moving the converted funds to a previously unknown Ethereum wallet address. This latest incident highlights the sophisticated laundering techniques employed by cybercriminals targeting hardware wallet ecosystems.
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Coldcard hacker swaps stolen Bitcoin for ETH via THORChain28m, Coldcard hacker swaps stolen Bitcoin for ETH via THORChainThe third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.
Coldcard hacker swaps stolen Bitcoin for ETH via THORChain28m, Coldcard hacker swaps stolen Bitcoin for ETH via THORChainThe third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address. continue reading...
