Coldcard hacker swaps stolen Bitcoin for ETH via THORChain
Affected assets and topics
Why it matters
A hacker exploited a Coldcard wallet vulnerability, stealing Bitcoin and converting approximately 10% of the stolen funds to Ethereum via THORChain. This demonstrates ongoing security risks in hardware wallets and cross-chain bridging protocols.
- Coldcard wallet security exploit reported
- 10% of stolen Bitcoin converted to Ethereum via THORChain
- Cross-chain bridging protocol (THORChain) involved in fund movement
Expected market reaction
The event may affect investor confidence in hardware wallet security (Coldcard) and decentralized cross-chain protocols (THORChain), potentially influencing capital flows away from these sectors in the short term.
Risks
- No evidence of broader market impact or systemic risk beyond the specific exploit
- Unclear if the hacker's actions represent a trend or isolated incident
- No data on the total value of stolen funds or subsequent price impact
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- mistral-small-latest
- Analysis version
- mistral-small-latest
- Article id
- 126831
- Timeframe
- 6h
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Logged at publication, scored automatically once the window closes — never edited.
Original source
The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.
Read the full article on CoinTelegraph
Original article published by CoinTelegraph on September 3, 2026. Analysis and insights provided by AnalystMarkets AI.
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