Balancer hackers conducted a large-scale cross-chain cryptocurrency swap, exchanging a total of 419 BTC.

CoinFeed reported on April 25 that after five months of silence, the Balancer hackers (who stole approximately $98 million in assets in November 2025, with an average ETH price of around $3,600) began off-chain money laundering yesterday by converting ETH into BTC in bulk through THORChain.