THORChain: AFX Hacker Swaps ETH for BTC

AFX Trade hacker has begun routing stolen funds through THORChain for ETH to BTC cross-chain swaps, converting 655.4 ETH into 18.86 BTC in the last hour.

The bridge theft two days ago netted 24.15 million USDC that was first swapped into 12,467.4 ETH at $1,937 per token; the same address now uses THORChain to exit into BTC.

Price action on the 4h chart shows ETH at $1854.28 inside the Bollinger band with lower support at $1833.77 and upper resistance at $1953.19, while EMA50 at $1880.25 caps upside and the MACD death cross at -11.8 keeps the structure bearish; RSI at 36.49 leaves room for a quick test of the 50-EMA before any continuation lower.