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KelpDAO hacker exchanges 75,700 ETH for BTC, transaction worth $175 million
ChainCatcher reports that, according to on-chain analyst Yu Yan’s monitoring, it took one and a half days for KelpDAO hackers to convert nearly all 75,700 ETH (worth $175 million) into BTC.
The hackers primarily used the THORChain protocol for cross-chain swaps, which contributed $800 million in trading volume and $910k in platform fee revenue for THORChain.