The Thorchain generated more than $ 5 million in total income after the property of the protocol volume, which is encouraged by the exploitation behind the $ 1.4 billion bybit hack.
The Centralized Crypto Exchange Bybit is That -hack of more than $ 1.4 billion Crypto costs Feb. 21 in The biggest hack in crypto history.
The North Korea State-Akibat Lazarus Group.
Since exploitation, Thorchain processes more than $ 5.4 billion in total replacement volume, making up nearly $ 5.5 million income, According to In data from Thorchain Explorer.
Total volume of replacement. Source: Thorchain Explorer
Thorchain’s replacement volume exceeds $ 1 billion on a single day following bybit hack, According to a February 27 report from Cointelegraph. The protocol generated more than $ 554,000 in total revenue that day.
In the middle of the income milestone, Thorchain remains under a thorough investigation for its role in facilitating the movement of illicit funds. In Feb. 28, a Thorchain developer stopped The protocol after a vote to hinder the North Korea hacker-linked prohibited funds has been returned.
“Effectively, I will no longer contribute to the Thorchain,” the main developer of the crosschain swap protocol, known only as “Pluto,” write In a POST OF PEB. 27 x.
Related: Ada, Sol, XRP rally after Trump’s crypto reserve announcement
Thorchain criticized for allowing stolen funds to flow
“Thorchain only helped North Korea launder $ 605 million. No KYC, no off switch, no objection. The Lazarus Group Jacked Bybit for $ 1.5 billion on February 2025, then cheated the stolen ETH by Thorchain as built for them,” Crypto’s commentator Written Yogi’s Post.
Source: Yogi
“Other protocols block dirty purses without killing decentralization. Thorchain has options – avoid, transaction monitoring – but ignored them,” he added.
Related: Bybit Hacker Launders $ 605m ETH, more than 50% of stolen funds
In Feb. 26, the firm of the blockchain analytics elliptic That -flag 11,084 cryptocurrency wallet addresses suspected to be linked to bybit exploitation. That list is expected to grow as investigations continue.
On March 4, Bybit CEO Ben Zhou confirmed The $ 280 million of stolen funds has become dark, which means it has been -laundered and no longer monitored.
https://www.youtube.com/watch?v=kynq5Yofkwo
Magazine: Founder of thorchain and his plan on ‘vampire attack’ all defi
