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Monitored by Woofun AI, on-chain activity reveals that attackers compromising the Humanity protocol have initiated the conversion of stolen assets into USDC. This liquidity shift indicates a strategic move to obscure transaction trails before final withdrawal.
The converted stablecoins were subsequently transferred to KuCoin, a centralized cryptocurrency exchange. This routing suggests the perpetrators are preparing to off-ramp the illicit funds into fiat currency, marking a critical phase in the exploitation lifecycle.