Bybit theft brings $2.91 billion in transaction volume and $3 million in handling fee revenue to THORChain

PANews reported on February 27 that according to the on-link analyst Ember Monitor, the winner of Bybit theft incident was not only the hacker, but also the winner of the hacker: the hacker's money laundering brought THORChain $2.91 billion in transaction volume and $3 million in handling fee income to THORChain.

The main method of money laundering for Bybit hackers is to exchange ETH for BTC through THORChain. This has brought huge transaction volume and handling fees to THORChain. It also led to the rise of THORChain's token RUNE.

Trading volume: Before hackers started laundering money, THORChain's average daily trading volume was around $80 million. Then the money laundering started to surge from the 22nd, bringing $2.91 billion in transaction volume to THORChain in 5 days. The average is $580 million per day.

Processing Fee: US$2.91 billion in transaction volume brought THORChain to US$3 million in processing fee revenue.