AFX Trade Hacker Moves Stolen Funds Across Chains

On chain analysts have tracked a wallet connected to the recent AFX Trade security breach. The attacker successfully converted 655.4 ETH into 18.86 BTC using the THORChain protocol. This movement suggests the perpetrator is actively trying to obscure the trail of stolen assets by shifting them into the Bitcoin network.

Transactions like these are common following large crypto exploits as hackers attempt to launder funds through decentralized bridges. Moving assets across different chains makes it harder for security firms and centralized exchanges to freeze the stolen capital. This specific maneuver highlights how attackers utilize cross chain liquidity to protect their gains.

Investors should stay cautious as this activity shows the hacker is liquidating their position. Market participants often watch these wallet addresses to see if funds move toward known mixers or platforms that do not require identity verification. Keeping an eye on these movements is a standard part of monitoring security incidents in the current market.