Galaxy Head of Research Accuses Duel of Failing to Freeze Coldcard Hacker Stolen Funds, Warns They May Face Legal Action

TechFlow reports, on August 02, Galaxy Research Head Alex Thorn stated in a post that after a victim holding approximately 30 BTC in a Coldcard wallet was attacked, hackers exchanged the stolen approximately 17 BTC for ETH via THORChain and deposited it into the Duel platform. The victim and relevant researchers have sent emails to all known Duel contact information, requesting to freeze the relevant funds, and provided complete transaction hashes, fund flow, and deposit information, but Duel required the victim to contact the police before processing, while it previously claimed to implement KYC and AML policies and comply with relevant laws and regulations. Alex Thorn warned that if Duel does not freeze the relevant funds, it may face "significant legal action," and stated that it knew the source of the funds within just minutes of receiving the notification.