KelpDAO Hacker Converts 75,700 ETH to BTC via THORChain

A hacker associated with KelpDAO has converted nearly all of the 75,700 ETH, valued at approximately $175 million, into BTC over a period of about 36 hours. According to NS3.AI, the cross-chain swaps were mainly facilitated through THORChain, resulting in a transaction volume of around $800 million. This activity generated approximately $910,000 in platform fee revenue for THORChain.