Alex Thorn stories

Sep 3, 2026

Coldcard hacker converts stolen Bitcoin to Ether through THORChain

A hacker linked to the third wave of Coldcard wallet thefts has begun swapping stolen Bitcoin for Ether using the THORChain decentralized exchange. Galaxy Research's Alex Thorn reported the activity on September 3, 2026.

Sep 3, 20262 sources

May 5, 2026

Galaxy Digital's Alex Thorn Says Bitcoin Community Reaching Consensus on Quantum Computing Threat Response

In a research note published May 3, 2026, Galaxy Digital Research Director Alex Thorn reported that the Bitcoin community is coalescing around a consensus to leave Satoshi Nakamoto's coins untouched while preparing for quantum computing threats through post-quantum cryptography adoption.

May 5, 20264 sources

Top claims

▪The September 2, 2026 transactions represented the first detected onchain movement of funds from the original hacker addresses associated with the first three Coldcard attack waves.
▪An address linked to the Coldcard exploit swept Bitcoin from a deliberately weakened researcher test wallet on August 28, 2026, indicating that automated scanning for vulnerable keys remained active.
▪The third-wave Coldcard attacker moved approximately 10% of their stolen Bitcoin through THORChain, while around 90% of the funds remained unmoved at the original addresses.

Topics

Decentralized exchange (DEX)Blockchain interoperability Bitcoin Bitcoin security & risks Ethereum Blockchain quantum resistance Satoshi Nakamoto's coins Post-quantum cryptography Bitcoin protocol & upgrades Satoshi Nakamoto Bitcoin governance