The Balancer hack attacker has converted 1,100 Ethereum into Bitcoin.
The hacker’s return has sparked caution and speculation among community members.
The choice of Bitcoin indicates that the hacker is taking a calculated approach.
The $120 million Balancer hack is back in the spotlight after five months. In the latest development, the attacker has resurfaced, moving 1,100 Ethereum tokens. After months of silence, the attacker is once again converting funds, putting the crypto community back on alert.
Balancer Hack Exploiter Resurfaces, Moves ETH
According to Lookonchain data, the attacker behind the massive Balancer hack is now active. After remaining dormant for almost five months, the exploiter is now converting Ether into Bitcoin via THORChain.
On-chain data shows that the Balancer hack exploiter has started moving funds and swapped 1,100 ETH, worth $2.55 million, into Bitcoin. The transaction was carried out via THORChain, a decentralized protocol that allow
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