Hackers of Atomic Wallet use THORChain to hide $35M stolen funds.
Hackers who stole $35 million from crypto wallet Atomic Wallet earlier this month used cross-chain liquidity protocol THORChain to hide their stolen assets, as revealed by blockchain investigator MistTrack.
MistTrack disclosed that 503.08 ether (ETH), worth approximately $870,000, linked to the hack, was transferred to THORChain in the final two days before being exchanged for bitcoin (BTC).
Furthermore, MistTrack reported that some of the stolen ether was transferred to several bitcoin addresses using the Swft blockchain.
Last week, a portion of the stolen funds was transferred to Garantex, a cryptocurrency exchange that was sanctioned by the US Treasury’s Office of Foreign Assets Control (OFAC) in April.
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Blockchain security firm Elliptic believes that the hacking group Lazarus, from North Korea, is responsible for the attack.
THORChain’s native token (THOR) has remained stable despite the series of hack-related transactions and is currently trading at 84 cents, having slightly increased over the past 24 hours, according to CoinMarketCap.
Edited by Parikshit Mishra.
