If it weren’t for the KelpDAO hacker using Thorchain’s DEX to launder money, I almost forgot that @THORChain used to be one of the top ecosystems in Cosmos. In just 2 days, the hacker contributed nearly $800 million in trading volume to Thorchain, along with over $1 million in fee revenue. Unfortunately, the hacker’s entire laundering process on Thorchain DEX used its own native cross-chain swap, which has nothing to do with Cosmos IBC.