Hupzy (Spot On Chain)|7ๆ 25, 2026 09:12
๐จ The AFX Trade bridge hacker is actively laundering stolen funds โ cross-chain swapping ETH to BTC via THORChain. $๐ฎ๐ฐ.๐ญ๐ฑ๐ was drained two days ago, converted to 12,467 ETH. So far ๐ฒ๐ฑ๐ฑ.๐ฐ ๐๐ง๐ has been swapped to ๐ญ๐ด.๐ด๐ฒ ๐๐ง๐, with ~11,812 ETH still held.
Arkham: https://arkm.com/explorer/address/0x627654B2782bfC57580ecD11d40869b350B6ebAC
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The ETH-to-BTC routing is a critical escalation โ the attacker is preparing for liquidation, not holding. Each THORChain swap puts direct sell pressure on ETH. If the remaining 11,812 ETH is routed through, cascading pressure could impact ETH liquidity on THORChain pools and downstream venues. Watch the Arkham address for conversion velocity accelerating.
source: EmberCN
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