After a hardware wallet social engineering scam caused users to lose over $282 million, a large portion of the funds have been laundered across blockchains.

The attackers transferred 928.7 BTC (approximately $71 million) to the Ethereum, Ripple, and Litecoin networks via THORChain, converting them into 19,631 ETH, 3.15 million XRP, and 77.2K LTC. Subsequently, 1,468 ETH were transferred to Tornado Cash, and over 2,400 ETH flowed into exchanges such as WhiteBit, KuCoin, and Huobi for money laundering.