Coldcard Hackers Move Stolen Bitcoin Through Mixers, But On-Chain Trail Remains Visible

BitcoinWorld Coldcard Hackers Move Stolen Bitcoin Through Mixers, But On-Chain Trail Remains Visible Hackers behind the Coldcard exploit have begun moving the stolen Bitcoin through mixing services, but the transfers remain traceable on the public blockchain.

The movement of funds is unfolding in a transparent manner, contrary to typical laundering attempts, according to Bitcoin News.

Current Status of Stolen Funds Approximately 1,159 BTC stolen in the Coldcard hack has not been converted into cash and remains effectively frozen in monitored wallets. However, one hacker controlling about 64 BTC has initiated laundering activities.

Of that amount, 10 BTC was sent through a mixing protocol first, while the remaining 54 BTC was divided into 7 BTC chunks and is undergoing additional mixing steps.