Balancer Hacker Exchanges 14,300 ETH for 419.3 BTC

A recent on-chain analysis has revealed that a hacker who stole assets from Balancer last November is now exchanging Ethereum (ETH) for Bitcoin (BTC). The hacker has already converted 14,300 ETH into 419.3 BTC, worth approximately $32.51 million.

This move marks a significant development in the aftermath of the theft, which occurred when the price of ETH was around $3,600. The hacker currently holds a substantial amount of both cryptocurrencies, with a total value of over $50 million.