yyy|Apr 27, 2026 10:25
After Tornado Cash got sanctioned, hackers seem to have reached some kind of consensus—they’re all choosing Thorchain for money laundering.
In 2025, $1.4 billion was stolen from Bybit, and a whopping $1.2 billion of that was laundered through Thorchain. Last week, KelpDAO was hacked for $290 million, with all 75,700 $ETH laundered via Thorchain. And remember the Balancer V2 hack five months ago, where nearly $120 million was stolen? Just a few days ago, the hackers still opted for Thorchain to launder the funds…
The money laundering (cross-chain) mechanism of @THORChain is different from most cross-chain bridges. It doesn’t rely on the centralized model of “source chain asset locking + target chain minting wrapped assets.” Instead, it uses native asset liquidity pools to enable cross-chain transactions. Cross-chain transfers are atomic, support large amounts with high liquidity, offer strong anonymity, and are decentralized, making them impossible to freeze.
Thorchain is practically made for hackers to launder money.
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