THORChain: The 'ATM' for cross-chain swaps of illicit funds

Over 90% of the funds swapped via THORChain are from illicit sources. For THORChain, this decision is definitely not hard to make: if they impose restrictions, these illicit funds will stop flowing through their platform, and they’ll lose their steady stream of 'toll fees.' This isn’t about decentralization—it’s all about profit. Last year, most of the stolen funds from Bybit were transferred via THORChain, earning them nearly $10 million in fees in just 10 days. Over the past couple of days, part of the stolen funds from Bitget have been transferred through THORChain, and they’ve already made $1 million in fees.