🚨Balancer Hackers Large-Scale Rebalancing: 14,000 ETH Converted to BTC

On-chain monitoring shows that theBalancer attacker has been continuously converting assets through THORChain since yesterday:

👉 Has exchanged 14,300 Ethereum
👉 for 419.3 Bitcoin
👉 Total value approximately $32.51 million

Currently, the hacker's asset structure is:

ETH chain: about 7,700 ETH
BTC chain: about 419.3 BTC
Total assets approximately $50.4 million

It is worth noting that this attack occurred in November last year, when the stolen assets were about $98 million, and ETH was priced around $3,600.

This also means that, after market price fluctuations and ongoing rebalancing, the asset value has experienced significant volatility.

From on-chain behavior, hacker funds often go through a process of silence → dispersal → cross-chain conversion → redistribution, and the current stage clearly indicates entry into a cross-asset restructuring phase.

💡Motivational Quote:
In the on-chain world, price is just surface; what truly tells the story is the flow of each fund.