[KelpDAO Hacker Converts 75,700 ETH to BTC] According to on-chain analyst Ember (@EmberCN), the KelpDAO hacker converted nearly all 75,700 ETH (approximately $175 million) on the Ethereum chain into BTC within about a day and a half, primarily using the cross-chain protocol THORChain. This laundering activity generated approximately $800 million in trading volume and $910,000 in platform fee revenue for THORChain.