On April 24, on-chain analyst Yu Jin reported that the KelpDAO hacker converted all 75,700 ETH into BTC through THORChain yesterday. This hacker, who stole approximately $98 million in assets from Balancer last November, has also been converting ETH to BTC through THORChain. Today, the Balancer hacker has exchanged 7,000 ETH for 204.7 BTC, valued at about $15.88 million, and the currency exchange activity is still ongoing. Currently, this hacker holds 15,000 ETH on the Ethereum chain, equivalent to approximately $34.65 million, and 204.7 BTC on the Bitcoin chain, equivalent to about $15.88 million.
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Balancer Hacker Exchanges 7,000 ETH for 204.7 BTC Worth Approximately $15.88 Million
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