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The KelpDAO hackers have converted almost all of their 75,700 ETH into BTC in just one and a half days. - CoinFeed
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The KelpDAO hackers have converted almost all of their 75,700 ETH into BTC in just one and a half days.

April 23, 2026
CoinFeed News

CoinFeed reported on April 23 that, according to on-chain analyst Yu Jin, the 75,700 ETH ($175 million) stolen by the KelpDAO hackers have been largely converted into BTC in just one and a half days. The hackers primarily used THORChain to exchange ETH for BTC across blockchains, and their actions generated $800 million in transaction volume and $910,000 in platform fees for THORChain.

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