KelpDAO Hacker Successfully Laundered Approximately $175 Million Worth of ETH into BTC

BlockBeats News, April 23rd, according to on-chain data analyst Yujin, after a day and a half of mixing, the 75,700 ETH (approximately $175 million) stolen by the KelpDAO hacker has now been mostly converted to BTC.

The hacker's cross-chain conversion of ETH to BTC was mainly conducted through the THORChain protocol, and the hacker's usage has also brought $800 million in trading volume and $910,000 in platform fee income to THORChain.