It is not a hack the Bahamian government are seizing their assets.
I thought that the seized assets will either stay as they were, either will be sold for fiat. But selling for Bitcoin...? looks a bit suspicious to me.
...Not that I'd mind to see a government have more trust in bitcoin than fiat.
Lol. Whoever is in control of those coins is def laundering them. We can't even be sure anymore if the news about the coins held by the Bahaminian government and the coins held by the hacker are the same thing. It could all be smokes and mirrors at this point as there are some groups out there want to steal it for themselves.
What they could do is convert to renBTC, then to real BTC, deposit to lower tier exchanges and convert to XMR. From there it could go anywhere.
Yep, this makes most sense for now. With the small note that they can easily stay on Bitcoin and mix the coins, so they don't risk another exchange; or maybe go to XMR after mixing.