The Bitget hacker, who stole $351.6M, is now swapping $ETH for $BTC through THORChain. https://t.co/JaQJzTXSba https://t.co/Nr3GUCGouf https://t.co/bKLixz874C
Why now
Thesis: Exploit proceeds moving through THORChain
Catalyst to watch: Further swaps or exchange deposits
Main risk: Funds frozen, flow stops
Why it matters
Hacker swapping stolen ETH to BTC adds sell pressure and laundering flows across chains.
Details
The #Bitget hacker, who stole $351.6M, is now swapping $ETH for $BTC through #THORChain. https://t.co/JaQJzTXSba https://t.co/Nr3GUCGouf https://t.co/bKLixz874C
Sources
- x · 2026-09-28 07:27 UTC