According to @EmberCN, the hacker who stole funds from Coinbase users has continued to liquidate their holdings, selling 8,775 ETH for $23.23M DAI in the past two hours. Since 8 AM today, the hacker has moved a total of 26,347 ETH through THORChain and exchanged it for $68.18M DAI at an average price of $2,588 per ETH. The DAI from these sales is currently stored in two specific addresses. This large-scale sale has the potential to put significant downward pressure on Ethereum prices and could increase volatility across the broader crypto market as traders react to the rapid liquidation. Source: @EmberCN on Twitter.

According to PeckShieldAlert, the threat actor responsible for stealing over $300 million from Coinbase users through bribery of customer support has swapped 8,697 ETH for 22 million DAI. Additionally, another address tied to this hack, receiving 9,081 ETH from THORChain, has exchanged those funds for 23 million DAI. These large-scale Ethereum-to-DAI swaps, totaling over $45 million, could create significant short-term selling pressure on ETH, potentially impacting liquidity and price volatility across major DeFi trading pairs. The rapid conversion of ETH to stablecoins following high-profile hacks is a key indicator for traders to monitor for further potential market disruptions. (Source: PeckShieldAlert on Twitter, May 22, 2025)

According to EmberCN, a hacker who previously stole funds from Coinbase users has transferred 17,778.7 ETH through THORChain in the past two hours, selling the assets for a total of $44.94 million in DAI at an average price of $2,528 per ETH (Source: EmberCN on Twitter, May 22, 2025). The most recent transaction saw the hacker moving 9,080.7 ETH and exchanging it for $22.82 million in DAI. This large-scale ETH liquidation may increase short-term selling pressure on Ethereum and could impact DAI liquidity and price stability. Traders should monitor ETH and DAI price volatility and be cautious of sudden large movements, as continued hacker activity could further affect both Ethereum and stablecoin markets.

According to @EmberCN, 8,698 ETH were sold for 22.12 million DAI at a price of $2,543.4 just 50 minutes ago. The address received these ETH from THORChain, a decentralized cross-chain exchange, only an hour and a half prior. Historically, funds transferred via THORChain have been associated with questionable origins, notably with Bybit hack proceeds previously laundered through the platform. This sizeable transaction may signal increased risk sentiment and potential volatility in ETH and DAI markets due to its connection to potentially illicit funds and large-scale movement. Source: @EmberCN on Twitter.

According to ZachXBT, THORChain and its associated platform ThorFi are facing criticism for not being fully decentralized after unilaterally freezing $200 million of user funds earlier this year (source: ZachXBT on Twitter, May 21, 2025). This incident raises significant concerns for crypto traders about counterparty risk and the reliability of decentralized finance protocols. The freeze highlights the need for traders to reassess risk management strategies when using platforms that claim decentralization but retain the ability to restrict access to funds.

According to PeckShieldAlert, a Zoth exploiter-labeled address transferred 1,000 ETH (approximately worth $1.5 million) to Thorchain. The funds were then bridged into Bitcoin (BTC) and Litecoin (LTC), indicating a strategic diversification possibly to obscure the origins of the assets.

According to @ai_9684xtpa, a whale has exchanged $17.88 million worth of BTC for ETH using THORChain in the past 24 hours. The whale sold 235.34 BTC and acquired 9,529.64 ETH, with the latest transaction occurring 5 hours ago. Due to significant exchange slippage, the effective cost was $1,877 per ETH. This movement can potentially impact ETH market dynamics, especially considering the large volume of the transaction.

According to Lookonchain, two new wallets, likely associated with hackers, received 14,064 ETH from THORChain and Chainflip. These funds were then exchanged for 27.5 million DAI at an average selling price of $1,956 per ETH. This significant liquidation could impact ETH's market price as large sell-offs typically increase supply, potentially leading to price volatility.

According to Lookonchain, two new wallets, likely linked to hackers, received 14,064 ETH from THORChain and Chainflip. These wallets subsequently exchanged the ETH for $27.5 million DAI at an average price of $1,956 per ETH. This activity may influence market sentiment as large sell-offs can trigger price volatility.

According to Lookonchain, a newly created wallet received 3,433 ETH from THORChain and exchanged it for 6.8 million DAI at a price of $1,981 per ETH. This transaction indicates a significant liquidation move, impacting ETH's liquidity and possibly its short-term price stability. Source: Lookonchain.

According to Lookonchain, a newly created wallet received 3,433 ETH from THORChain and exchanged it for 6.8 million DAI at a price of $1,981 per ETH. This transaction highlights a significant sell-off, potentially impacting ETH's short-term market liquidity and price stability. Traders should monitor for any further large-scale movements from this wallet or others linked to THORChain due to potential implications for ETH and DAI market dynamics.

According to @zachxbt, Asgardex contributors have refused to return approximately $900K in fees profited from the Bybit hack attributed to DPRK. This decision contrasts with other teams that chose to return the fees. The refusal underscores a commitment to maintaining Thorchain's decentralized nature without censoring activities.

According to Crypto Rover, the Bybit hacker has successfully laundered all stolen 499,395 ETH, valued at $1.04 billion, primarily using Thorchain, which could significantly impact market liquidity and trading strategies for ETH.

According to @lookonchain, the Bybit hacker has successfully laundered all the stolen 499,395 ETH, valued at approximately $1.04 billion, primarily through the decentralized exchange THORChain.

According to Lookonchain, the Bybit hacker has successfully laundered 499,395 ETH, valued at $1.04 billion, primarily through the decentralized network THORChain. This event highlights significant security challenges in cryptocurrency exchanges, impacting trading strategies and emphasizing the need for robust security measures.

According to @EmberCN, hackers have successfully laundered 499,000 ETH worth $1.39 billion stolen from Bybit over 10 days. During this period, the price of ETH dropped by 23% from $2,780 to $2,130. THORChain, used as the main laundering channel, saw $5.9 billion in trading volume and earned $5.5 million in fees due to the laundering activities.

According to @OnchainDataNerd, the Lazarus Group has laundered 18,000 ETH, approximately valued at $41.92 million, using ThorChain within a 24-hour period. This transaction highlights the use of decentralized exchanges for moving large sums of cryptocurrency, impacting market liquidity and potentially affecting ETH's short-term market stability.

According to Lookonchain, the Bybit hacker has successfully laundered 270K ETH, equivalent to $605 million, through THORChain, which represents 54% of the total stolen funds. The hacker still retains 229,395 ETH, valued at $514 million. This activity is significant for traders monitoring the movement of stolen cryptocurrency and its potential impact on market liquidity and security protocols.

According to @EmberCN, the Bybit hack resulted in a $2.91 billion trading volume and $3 million in fee revenue for THORChain as hackers laundered funds by converting ETH to BTC. This significant activity also led to a surge in the value of THORChain's token, $RUNE.

According to @MistTrack_io, the Bybit exploiter has successfully bridged over 70,000 ETH to Bitcoin using THORChain. This movement could indicate a shift in strategy by the exploiter, potentially impacting ETH and Bitcoin liquidity and market dynamics. Traders should monitor the situation closely as it may influence ETH and BTC trading volumes and price volatility.