Balancer exploit hacker swaps 14,300 ETH into 419.3 BTC through THORChain
Onchain analyst Ember (@EmberCN) said the attacker behind the Balancer exploit last November, which netted roughly $98 million in assets, has kept rotating funds from ETH into BTC using THORChain. So far, the wallet has exchanged 14,300 ETH for 419.3 BTC, worth about $32.51 million.
The hacker is currently holding 7,700 ETH on Ethereum and 419.3 BTC on Bitcoin, with a combined value of around $50.4 million. With ETH down from about $3,600 at the time of the theft, the value of the remaining holdings has nearly halved from the original $98 million haul.