Bitcoin News
By Maheen Hernandez
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THORChain Swaps Hit Refund Loops. The hacker didn't exactly pull this off without a hitch.
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What Galaxy Found in the Coldcard Data. Galaxy Research tied the Coldcard hack to the theft of at least 1,789 Bitcoin, pulled from 8,865…
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90% Still Untouched — and That's the Problem. Here's the uncomfortable part. The hacker moved maybe 10% and it already triggered a full response…
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A hacker behind the Coldcard wallet exploits just made their first onchain move. About 10% of the stolen Bitcoin got swapped for Ether through THORChain — and it didn't go…
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Galaxy's head of research, Alex Thorn, flagged the activity on Wednesday. The funds moved for the first time from the original hacker addresses, which had sat completely still…
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The hacker didn't exactly pull this off without a hitch. Attempts to push the full amount through THORChain kept getting rejected — refunds came back, and the hacker had to retry…
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THORChain is a decentralized cross-chain liquidity protocol that lets users swap native assets — like Bitcoin to Ether — without wrapping or using a centralized exchange.
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The funds traced to a new Ethereum address. That's the detail that matters most right now for investigators.
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Galaxy Research tied the Coldcard hack to the theft of at least 1,789 Bitcoin, pulled from 8,865 separate addresses. At the time of the theft, that came out to roughly $114.
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More context: Standard Chartered Launches Spot Bitcoin and Ether Trading for Institutions in UAE
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Back in August, blockchain security firm CertiK reported that hackers tied to the Coldcard exploit had already pushed 64 Bitcoin and 200 Ether through cryptocurrency mixers,…
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Thorn had flagged on August 28 that the attackers were still active. The evidence? They swept a researcher wallet that had been set up specifically to test whether the hackers…
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Here's the uncomfortable part. The hacker moved maybe 10% and it already triggered a full response from analysts, authorities, and crypto firms.
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Stolen funds sitting in original addresses can feel like a kind of stalemate. Analysts watch. Exchanges get flagged. Investigators build cases.
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Crypto theft at this scale isn't new. Decentralized platforms have become the preferred infrastructure for moving stolen assets precisely because there's no central party to…
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