Blockchain tracker Lookonchain said the transfer routed a portion of the stolen assets into the dollar-pegged token before sending them to the cryptocurrency exchange, a step often watched for potential liquidation.
A hacker tied to the Humanity theft has converted part of the stolen funds into USDC and transferred the assets to KuCoin, according to blockchain tracker Lookonchain. The move matters because shifting proceeds into a dollar-pegged token and then sending them to a centralized exchange can be an early sign that stolen crypto is being repositioned for trading, withdrawal or further laundering, though the report did not specify the amount involved.