Big news in the world of cryptocurrency! A sneaky group stole a lot of money (around $1.4 billion!) from a place called Bybit that lets people trade crypto. They tried to hide where the money came from using a special system called THORChain.
- THORChain helps people swap one type of cryptocurrency for another.
- The thieves used THORChain to make their stolen money harder to track.
- Because of this, THORChain saw a HUGE increase in activity – more than $4.66 billion in just one week!
| Fact | Number |
|---|---|
| Money stolen from Bybit | $1.4 billion |
| THORChain's weekly transaction volume | $4.66 billion |
| ETH price drop during the laundering | 23% |
| Estimated THORChain fees from the laundering | $5.5 million |
This is a complicated story, but it shows how cryptocurrency can be used for both good and bad things. Experts are still figuring out all the details.
