Coldcard hacker swaps stolen Bitcoin for ETH via THORChain

Coldcard hacker redirects roughly 10% of stolen Bitcoin, about 1,200 BTC, into Ethereum via THORChain, creating a fresh ETH address that researchers have identified. The exploit marks a third‑wave operation, leveraging cross‑chain swaps to obscure provenance. This activity signals heightened demand for decentralized bridges, prompting regulators and exchanges to tighten monitoring of multi‑chain laundering pathways.