THORChain Sees Record-Breaking Volume Amid Kelp DAO Exploit Fallout

A recent exploit of the Kelp DAO has had significant consequences for the cryptocurrency market. The attack resulted in the theft of $175 million in Ethereum, which was then laundered through a series of transactions on THORChain.

According to blockchain analytics firm EmberCN, the attacker has already laundered 34,500 ETH worth approximately $80 million. This amount represents only a portion of the total stolen funds, which are still being tracked by investigators.