Odaily reported, citing on-chain analyst Yu Jin, that more than 90% of the funds swapped across chains through THORChain were tied to illicit or gray-market activity. Yu Jin said most of the funds stolen from Bybit last year were moved through THORChain, which generated nearly $10 million in fees over a 10-day period. He also said part of the funds stolen from Bitget in a recent incident had already been transferred through THORChain, with fee revenue from that flow reaching $1 million. The remarks focus on THORChain’s role in cross-chain fund movement and the fee income linked to those transfers.
According to Odaily, on-chain analyst Yu Jin said monitoring data showed that more than 90% of the funds swapped across chains through THORChain were linked to illicit or gray-market activity.
Yu Jin said that most of the funds stolen from Bybit last year were moved through THORChain, and that the protocol collected nearly $10 million in fees over 10 days.
He added that part of the funds stolen from Bitget in a recent incident had already been transferred through THORChain, with fee revenue reaching $1 million.
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