KelpDAO Attacker Completes Asset Conversion, Over 75,000 ETH Essentially Swapped for BTC

　　According to BroadChain, at 09:16 on April 23, the asset transfers related to the KelpDAO attack have been largely completed. On-chain data shows that approximately 75,700 ETH (valued at around $175 million) held by the attacker has been almost entirely converted to BTC over a period of about a day and a half. This large-scale asset conversion was primarily facilitated through the cross-chain protocol THORChain.

　　This series of operations generated approximately $800 million in trading volume for THORChain within a short timeframe, resulting in platform fee revenue as high as $910,000.