CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Coin Edition 2025-05-22 17:30:00

Thorchain: Go-To DEX For Coinbase Hacker’s Cross-Chain Swaps

Coinbase hacker uses Thorchain for a $42.5M BTC to ETH cross-chain crypto swap activity. Decentralized protocol Thorchain identified as key tool in Coinbase hacker’s fund launder. PeckShield reports Coinbase hacker utilized Thorchain in converting stolen crypto to DAI. The hacker tied to a significant data breach at Coinbase has reappeared on-chain, kicking off large-scale crypto swaps and dispatching threatening messages aimed squarely at blockchain investigator ZachXBT. The attacker, who managed to breach sensitive data from over 69,000 Coinbase users, has now funneled tens of millions in digital assets across different chains, in a renewed and bold display of control over the stolen funds. Fresh activity flared up on May 21, when the attacker tapped Thorchain , a decentralized protocol known for facilitating cross-chain swaps. They used it to exchange an estimated $42.5 million worth of Bitcoin (BTC) for Ethereum (ETH). Blockchain data clearly shows these transactions bypassed intermediaries, highlighting the hacker’s use of unapproved, decentralized protocols to launder substantial amounts of crypto. Shortly after completing the BTC to ETH swap, the hac… The post Thorchain: Go-To DEX For Coinbase Hacker’s Cross-Chain Swaps appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.