Bybit laundering brought THORChain $2.91B in trading volume and $3M in fee income

Bybit’s money laundering has won Thorchain nearly $ 3 billion in negotiation volume and $ 3 million in costs.

Thorchain (RUNE), a cross exchange protocol saw a massive increase in activity such as Go throughThe pirates bleached the funds via its platform. According to Channel analyst Yu JinThe pirates, The North Korean group Lazarusconverted the stolen Ethereum (Ethn) in bitcoin (BTC) Use of Thorchain, generating a negotiation volume of $ 2.91 billion and winning the 3 million dollars in charge.

Before whitening Started, the average daily volume of Thorchain transactions was around $ 80 million. However, from February 22, the figure reached an average of $ 580 million a day, totaling $ 2.91 billion in just five days. Just on February 26, Thorchain treated $ 859.61 million in Swaps, his highest daily volume and added $ 210 million more on February 27, bringing the total to more than $ 1 billion in 48 hours, according to Thorchain explorer.

The exchange of stolen funds for Bitcoin is a known tactic of the North Korean hacker Lazarus, which would have used this method to obscure the trail of poorly acquired digital assets.

Thorchain Core Developper and Nine Realms Engineer, known as “Pluto”, recognized These illicit funds had crossed the protocol. He added that the team is actively working with Wallet and Integration Partners to implement screening services to solve this problem.