THORChain generates $5M in fees, $5.4B in volume since Bybit hack

Thorchain has achieved more than $ 5 million of total revenue after the volume of assets in the protocol reached the highest record levels, driven by the exploitation of the BYBIT penetration of $ 1.4 billion.

The central Exchange Crypto Exchange was hacked by more than $ 1.4 billion of encryption on February 21 in the largest penetration on the date of encryption.

North Korea's Lazaros Group, which was identified as the main suspect by Blockchain security companies, continued to laundering stolen money, using the Crosschain assets swap of an important part of transfers.

Since the exploitation, Thorchain has processed more than $ 5.4 billion of swap volume, which led to the revenues of about $ 5.5 million, According to To data from Thorchain Explorer.

Thorchain swap exceeded one billion dollars in one day after a breastfeed, according to the February 27 report from Cointelegraph. The protocol was born more than $ 554,000 of total income that day.

Amid the revenue teacher, Thorchain is still checking for its role in facilitating the movement of illegal funds. On February 28, Thorchain developer left the protocol after voting to prevent illegal money associated with standing in North Korea.

“Immediately, I will not contribute to Thorchin,”, the developer of the Crossing Crossing Protocol, known only as “Pluto”, only “Pluto”. books On February 27.

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Thorchain criticized allowing the stolen money to flow

“Thorchain only helped North Korea wash $ 605 million. No kyc, no key out, no resistance. mail.

“Other protocols prevented a dirty wallet without killing decentralization. Thorchain had options – monitoring clear transactions – but ignored them.”

Related to: Bybit Hacker, $ 605 million ETH, more than 50 % of stolen money

On February 26, Blockchain Analysis Company informed the 11,084 Issaltores, encrypted currency wallets suspected to be associated with the exploitation of bybit. This list is expected to grow with continued investigations.

On March 4, Ben Zhou CEO of Ben Zhou confirmed that 280 million dollars of stolen money have become dark, which means that he was washed and could no longer follow.

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