THORChain Continues to Be Key Tool in Laundering Stolen Crypto Funds

[cryptoenthusiast]

The latest incident highlights how THORChain is increasingly used in crypto theft cases. Its ability to facilitate cross-chain swaps without KYC has made it a preferred tool for attackers seeking to obscure transaction trails.

According to ZachXBT, similar tactics have been used in past high-profile hacks involving hundreds of millions of dollars. As attackers split and move funds across multiple chains, tracking becomes more complex—raising ongoing concerns about security and monitoring in decentralized finance.

[kevin1]

turns out “no kyc” is just as attractive to hackers as it is to users. who knew.