THORChain Hits Record Volume Post Bybit Hack

THORChain Records Unprecedented $4.66B Volume Post Bybit Hack

• THORChain processed $4.66 billion in swaps during the week ending March 2.
• The activity spike followed a $1.4 billion hack on Bybit on February 22.
• Hackers laundered 499,000 ETH ($1.39 billion) through THORChain in ten days.
• The ETH price fell by 23% from $2,780 to $2,130 during this period.
• THORChain earned $5.9 billion in transaction volume and $5.5 million in fees due to laundering activities.

Following the Bybit hack, THORChain experienced record activity, processing $4.66 billion in swaps and earning significant transaction fees as hackers laundered stolen funds through the platform.