Phishing Attacker Converts $2M in Stolen DAI From Bofur Capital to 825.5 ETH

The swap into ether is the tell: converting a stablecoin into a volatile asset at this stage points to an intent to launder through mixers or bridge chains, where ETH remains the preferred unit. That Bofur Capital has stayed silent is itself notable — for a firm whose compromised address was publicly traced, the absence of a statement leaves counterparties and clients without clarity on exposure. The open question is whether the attacker moves the ETH further or stalls, since that determines whether this stays a single-firm incident or draws broader scrutiny to how institutional wallets are secured.