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Kelp DAO Attacker Converts Majority of 75,700 ETH to BTC via THORChain
The Kelp DAO attacker converted around 75,700 ETH (about $175M) to Bitcoin via THORChain, producing $800M in trading volume and $910,000 in THORChain fees.
Abstract: The report notes that the Kelp DAO attacker moved the majority of 75,700 ETH (roughly $175M) into Bitcoin using THORChain’s cross-chain swap. The swap generated about $800 million in trading volume and roughly $910,000 in THORChain fees, illustrating the liquidity and revenue implications of cross-chain activity during an exploit.
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Ronin Blockchain to Migrate to Ethereum Layer 2 on May 12, with 10-Hour Mainnet Downtime
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ether.fi's Liquid ETH Vault Now Accepts aWETH Deposits for Aave Users
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Ethereum Futures Open Interest Surges 7.29% to $32.96B in 24 Hours
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ETH Liquidation Levels: $1.445B in Short Liquidations at $2,492; $1.334B in Long Liquidations at $2,257
Gate News message, April 23 — According to Coinglass data, if ETH breaks above $2,492, cumulative short liquidations across major centralized exchanges would reach $1.445 billion. Conversely, if ETH falls below $2,257, cumulative long liquidations across major CEXs would reach $1.334 billion.
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