Hackers behind the KelpDAO breach have started moving stolen assets into Bitcoin, using THORChain to convert funds and dramatically increase the network’s activity. One attacker wallet sent funds through THORChain, pushing daily transaction volume to about $211 million, nearly 10× the 30-day average. Around 442 BTC ($33 million) is now spread across more than 400 different Bitcoin addresses, with some of the laundered coins mixed with funds tied to previous North Korea-linked hacks, highlighting ongoing challenges in tracing and recovering stolen crypto.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Stablecoin demand is showing signs of weakening even as Bitcoin continues to trade above $60,000.…
Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to…
Cardano price jumped over 6% this week as whale accumulation accelerated and on-chain activity flashed…
Ethena (ENA) price continues to consolidate within a multi-month falling wedge on the daily chart,…
Story Highlights The live price of the Avalanche is . Price predictions for 2026 highlight…
XRP is entering one of its toughest months with a four-year August losing streak hanging…
