Foresight News|Apr 22, 2026 00:51
[KelpDAO Hacker Launders 34,500 ETH, Most Exchanged for BTC via THORChain]
Foresight News reports, according to Ember monitoring, the KelpDAO hacker began laundering and transferring ETH yesterday afternoon, successfully laundering 34,500 ETH worth approximately $80 million. Most of this ETH was exchanged for BTC via THORChain's cross-chain functionality, resulting in significant transaction fees for THORChain. Over the past 24 hours, THORChain's trading volume surged to $360 million, compared to its previous daily average of just $20 million. THORChain's platform fee revenue over the past 24 hours reached $420,000, a sharp increase from its previous daily average of $5,000.
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