Odaily Planet Daily reports that on-chain analyst Yu Yan monitored that within a day and a half, the KelpDAO hacker has exchanged nearly all of 75,700 ETH (approximately $175 million) for BTC. The hacker primarily used the THORChain protocol for cross-chain swaps, which contributed $800 million in trading volume and $910k in platform fee income for THORChain.

SmartContractAuditor

2026-04-23 01:06:48

Odaily Planet Daily News reports that, according to on-chain analyst Yu Jin’s monitoring, over the course of a day and a half, the KelpDAO hacker has basically exchanged 75,700 ETH (1.75 billion USD) for BTC. The hacker mainly used the THORChain protocol to conduct cross-chain swaps, an activity that contributed $800 million in trading volume and $910,000 in platform fee revenue to THORChain.

ETH-1.98%

BTC-0.02%

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KelpDAO hacker converts 75.7k ETH into BTC, transaction worth $175 million

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