BITWU.ETH 🔆|Sep 26, 2026 12:53
The same old trick is most likely the classic playbook of the Golden General's team!
BG's stolen funds have once again flowed into THORChain;
THORChain is definitely making bank on transaction fees.
Stolen coins → Split → Cross-chain → Convert to BTC → Split/Mix coins again → OTC → Fiat.
THORChain happens to solve one of the toughest steps: no KYC required, quickly converting a large amount of assets from different blockchains into native BTC.
While it’s not as untraceable as Tornado Cash’s coin-mixing feature, the combination of swapping coins + cross-chain + direct conversion to BTC makes tracking harder and freezing impossible—so there’s nothing that can be done.
However, while these massive hacker transactions bring THORChain huge trading volume, fees, and demand for RUNE routing, it also puts them under the global spotlight for AML, sanctions, and regulatory scrutiny.
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