Hupzy (Spot On Chain)|Jul 25, 2026 09:12
🚨 The AFX Trade bridge hacker is actively laundering stolen funds — cross-chain swapping ETH to BTC via THORChain. $𝟮𝟰.𝟭𝟱𝗠 was drained two days ago, converted to 12,467 ETH. So far 𝟲𝟱𝟱.𝟰 𝗘𝗧𝗛 has been swapped to 𝟭𝟴.𝟴𝟲 𝗕𝗧𝗖, with ~11,812 ETH still held.
Arkham: https://arkm.com/explorer/address/0x627654B2782bfC57580ecD11d40869b350B6ebAC
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The ETH-to-BTC routing is a critical escalation — 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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