Coldcard Wave 3 hacker moves stolen funds through THORChain

The hacker linked to the Coldcard Wave 3 incident has reportedly moved stolen funds onchain for the first time, according to Galaxy's Alex Thorn.
The assets were swapped into $ETH through THORChain, marking the first observable movement of the stolen funds following the exploit.
Onchain activity tied to compromised funds can provide investigators with new tracing opportunities, although cross-chain swaps can also complicate recovery efforts.