Atomic Wallet Hackers Take Advantage of THORChain to Hide $35M

The hackers, believed to be the Lazarus group, have used chain hopping numerous times after successful heists. 

After making off with $35 million worth of ill-gotten crypto, the hackers who targeted Atomic Wallet earlier this month have covered their on-chain tracks using the cross-chain liquidity protocol THORChain.

According to the crypto tracking platform MistTrack, the hacker’s address transferred 503 Ether (ETH) to THORChain over the past two days. 

Those funds were then swapped for Bitcoin (BTC) and bridged into a Bitcoin address. In addition, much of the stolen ETH was converted to BTC using the SWFT blockchain.