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KelpDAO Hacker Converts $175M in ETH to Bitcoin
By Sohrab Khawas at 2026-05-07 10:13
Sentiment: Unknown
The post KelpDAO Hacker Converts $175M in ETH to Bitcoin appeared first on Coinpedia Fintech News Following the KelpDAO exploit, the attacker rapidly moved 75,700 ETH, worth about $175 million, and converted nearly all of it into Bitcoin within roughly 36 hours. The swaps were mainly executed through THORChain, a cross-chain protocol that allows direct ETH-to-BTC conversions without intermediaries. The massive transactions pushed THORChain’s volume to around $800 million and generated … Continue reading...
Categories: Short News
Tags: #Short News #Hack
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