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.
Bitget was hacked for $387.5 million on September 24, with the attackers exploiting a backend wallet system. The stolen assets included Ether, XRP, USDT, USDC, Avalanche, and BNB across multiple networks. According to Bitget CEO Gracy Chen, the hack bore the hallmarks of North Korean state-sponsored threat actors.
The hackers moved some of the stolen crypto through THORChain. CoinDesk reported that 27 successful swaps moved about 2,390 ETH into 75.2 BTC. THORChain rejected a request from Bitget to block the hacker.
Bitget has since restored services, resuming Bitcoin withdrawals and planning to resume Ether and Tether withdrawals. The exchange said it patched the vulnerability and will cover losses from the incident with its user protection fund.
Brief written by urgent.news from CoinDesk, Tom's Hardware, Cointelegraph, The Block — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
