Blockchain investigator MistTrack claims that hackers who stole $35 million from cryptocurrency wallet Atomic Wallet earlier this month utilized the cross-chain liquidity protocol THORChain to hide their illicit gains.
MistTrack reports that in the last two days, 503.08 ether (ETH), or roughly $870,000, related to the hack was transferred to THORChain before being exchanged for bitcoin (BTC).
According to MistTrack, some of the stolen ether was also bridged to several bitcoin addresses via the Swft network.
The hackers transferred some of the money last week to Garantex, a cryptocurrency exchange that was blacklisted by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) in April.
Elliptic, a blockchain security company, stated that it thinks the attack was carried out by the North Korean hacking outfit Lazarus.
Following the series of hack-related transactions, the native token of THORChain (RUNE) has increased somewhat over the previous 24 hours, trading at 84 cents, according to CoinMarketCap.