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KelpDAO hacker has exchanged most of the ETH for BTC through THORChain cross-chain.
Odaily Planet Daily reports that according to on-chain analyst Yu Jin’s monitoring, KelpDAO hackers have been laundering and transferring ETH since yesterday afternoon, and they should have already laundered away 34.5k ETH (80 million USD).
Most of these ETH have been exchanged for BTC across chains via THORChain, which has also earned a significant amount of “transaction fees” as a result:
THORChain’s trading volume surged to $360 million in the past 24 hours, whereas the previous daily average was only $20 million.
THORChain’s platform fee revenue in the past 24 hours was $420k, compared to a previous daily fee income of only $5,000.