Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH
![WazirX hacker funnels 9M of SHIB, MATIC other altcoins into ETH WazirX hacker funnels 9M of SHIB, MATIC other altcoins into ETH](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvMzc0NTk2ZmEtZTYyOC00M2MzLThjYWYtNmFlYjM3MjlmNDJmLmpwZw==.jpg)
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.