THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.
A wallet linked to the Bitget hacker converted about $6.3 million in ether ETH$2,684.91 into bitcoin BTC$83,363.33 through THORChain on Monday, as the exchange pressed the cryptocurrency swap network to block addresses holding stolen funds.
CoinDesk’s analysis of THORChain’s public transaction records identified 27 swaps marked successful, exchanging about 2,390 ETH for 75.2 BTC. All the bitcoin payouts went to one address. Four additional swaps involving 400 ETH were marked pending in the response reviewed.
The records cover orders submitted between about 03:55 and 06:23 UTC on Monday from an Ethereum wallet identified by blockchain tracker Lookonchain as part of the attacker’s activity. Most were submitted in roughly 100 ETH batches, worth about $265,000 each.
THORChain’s public response on Monday defended its policy of allowing anyone to use the network and distinguished its emergency shutdown controls from an address blocklist.