SlowMist Cosine: North Korean hackers use CoW and Chainflip combination to transfer Bitget stolen assets and convert to BTC

TechFlow reports that on September 30, according to monitoring by MistTrack's Cosine, the MistTrack tracking system shows that North Korean hackers are using a combined pathway of "CoW Protocol + Chainflip" to conduct automated cross-chain money laundering on stolen funds from the Bitget platform.

On-chain analysis reveals that hackers create swap orders on the CoW Protocol via automated scripts and directly set the order's recipient address to a pre-configured Chainflip deposit contract address. Once the orders are executed, the funds are cross-swapped via Chainflip, ultimately converted into Bitcoin (BTC) and transferred to target addresses.