KelpDAO hacker swaps 75,700 ETH into $175M in BTC through THORChain

Odaily Planet Daily reports that on-chain analyst Yujin says the KelpDAO hacker converted almost the entire 75,700 ETH—worth about $175 million—into BTC in roughly a day and a half. Most of the cross-chain swaps were routed through THORChain, driving about $800 million in trading volume and generating around $910,000 in fee revenue for the protocol.