The KelpDAO hacker has swapped nearly all of its 75,700 ETH holdings, worth about $175 million, into BTC over roughly a day and a half.
The KelpDAO hacker has swapped nearly all of its 75,700 ETH holdings, worth about $175 million, into BTC over roughly a day and a half. The cross-chain swaps were primarily routed through THORChain.
Due to the sheer size of the transactions, the laundering activity also generated about $800 million in volume and roughly $910,000 in platform fee revenue for THORChain. — link