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20.5 BTC stolen in 2026 Coldcard hack moved via THORChain to Ethereum in early Sept.

Market News
04 Sep 2026
Blockonomi
View Source
Bearish
20.5 BTC stolen in 2026 Coldcard hack moved via THORChain to Ethereum in early Sept.

A stash of 20.5 Bitcoin linked to the 2026 Coldcard hardware wallet theft was moved through 34 THORChain swaps into Ethereum on September 2 and 3. Most of the funds ended up in one Ethereum address, which later showed a small outgoing transaction of about 5 ETH, marking the first activity since the theft. However, over 1,400 BTC from the theft remain untouched in identified addresses. Investigators and researchers, including Galaxy Research, have not confirmed if all theft waves are linked to one group or individual. This movement signals a shift from dormant stolen coins to active cross-chain transactions, potentially aiding further tracking and investigation efforts.

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