Analyst Says THORChain Routed Most Bybit Stolen Funds in 10 Days
THORChain collected nearly $10 million in fees during the period, while fees tied to some funds from the recent Bitget theft reached $1 million.
THORChain routed most of the funds stolen from Bybit through cross-chain swaps and collected nearly $10 million in fees over 10 days, on-chain analyst 余烬 alleged.
The analyst also said more than 90% of funds exchanged through THORChain were linked to black- and gray-market activity. The claim links THORChain’s fee generation to transactions involving funds stolen from Bybit.
Some funds stolen from Bitget recently also moved through THORChain, 余烬 said. Fees connected to that activity have reached $1 million.
The reported figures distinguish between the two incidents: Bybit-linked transfers generated nearly $10 million in fees over 10 days, while the more recent Bitget-linked transfers generated $1 million. Both cases involve the use of THORChain to exchange assets across blockchains.
