coin-img-ETHETH+2.25%coin-img-BTCBTC+2.36%coin-img-SOLSOL+1.94%coin-img-OPGOPG+297.80%coin-img-SMARTTOOLSSMARTTOOLS+115.34%coin-img-TOMTOM+144.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.34%coin-img-ETHETH+2.25%coin-img-BTCBTC+2.36%coin-img-SOLSOL+1.94%coin-img-OPGOPG+297.80%coin-img-SMARTTOOLSSMARTTOOLS+115.34%coin-img-TOMTOM+144.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.34%coin-img-ETHETH+2.25%coin-img-BTCBTC+2.36%coin-img-SOLSOL+1.94%coin-img-OPGOPG+297.80%coin-img-SMARTTOOLSSMARTTOOLS+115.34%coin-img-TOMTOM+144.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.34%coin-img-ETHETH+2.25%coin-img-BTCBTC+2.36%coin-img-SOLSOL+1.94%coin-img-OPGOPG+297.80%coin-img-SMARTTOOLSSMARTTOOLS+115.34%coin-img-TOMTOM+144.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.34%

KelpDAO attacker swaps most stolen ETH into BTC through THORChain

Odaily Planet Daily cited on-chain analyst Yujin as saying the KelpDAO attacker began laundering funds yesterday afternoon and has likely moved 34,500 ETH (about $80 million) so far. The bulk of the ETH was swapped cross-chain into BTC via THORChain, generating sizable "toll" fees for the protocol. Over the past 24 hours, THORChain trading volume jumped to $360 million, versus a prior daily average of around $20 million. Fee revenue on the platform also climbed to $420,000 in the same period, up from roughly $5,000 per day previously.
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