According to blockchain researcher MistTrack, hackers who stole $35 million in funds from Atomic Wallet used THORChain to hide the funds.

MistTrack stated that 503.08 ETH linked to the hack was transferred to THORChain in the past two days before being exchanged for BTC. MistTrack said that some of the stolen ETHs were also bridged to multiple Bitcoin addresses using the Swft blockchain.

Lazarus Is Thought To Be Behind The Attack

Hackers believed to be the North Korean hacking group Lazarus are using cross-chain bridges and liquidity protocols to scramble stolen funds.

Last week, hackers moved some of the stolen funds to crypto exchange Garantex, which was sanctioned by the US Treasury Office of Foreign Assets Control (OFAC) in April. Blockchain security firm Elliptic said it believes North Korean hacking group Lazarus was behind the attack. Atomic Wallet reported that users’ crypto portfolios were completely lost in the attack it was exposed to at the beginning of June. In a statement after the attack, the team stated that they received reports of users’ wallets being compromised and were working to investigate the situation.

According to CoinMarketCap, THORChain’s native crypto-asset remained stable following the hack-related transactions, trading slightly higher at 84 cents over the past 24 hours.