AFX Trade hackers begin converting ETH to BTC via cross-chain bridging

AFX Trade hackers begin converting ETH to BTC via cross-chain bridging

2026-07-25 17:03

ChainThink report, July 25: According to Yujin Monitoring, the AFX Trade hacker has begun converting ETH into BTC via the cross-chain swapping tool THORChain.

The AFX Trade bridge was compromised two days ago, resulting in the theft of 24.15 million USDC, which were subsequently swapped into 12,467.4 ETH.

About one hour ago, the hacker initiated cross-chain swaps of ETH into BTC through THORChain, with 655.4 ETH already converted into 18.86 BTC so far.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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