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KelpDAO Hacker Converts 75,7K ETH to BTC, Transaction Valued at $175M
22/04/2026 20:57
According to on-chain analyst Yu Jian, within a day and a half, the KelpDAO hacker has essentially converted all 75,700 ETH (worth $175 million) into BTC. The hacker primarily used the THORChain protocol for cross-chain swaps, contributing $800 million in trading volume and $910,000 in platform fee revenue to THORChain.
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