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KelpDAO hacker converts 75,700 ETH into BTC, transaction worth $175 million
Mars Finance reports that, according to on-chain analyst Yu Yan’s monitoring, it took one and a half days for the KelpDAO hacker to convert nearly all of 75,700 ETH (approximately $175 million) into BTC.
The hacker primarily used the THORChain protocol for cross-chain swaps, which contributed $800 million in trading volume and $910k in platform fee income for THORChain.