THORChain Booms on Stolen Funds Transfer Fees

THORChain has generated nearly $10 million in transaction fees over the past 10 days, according to recent data. This surge in revenue is largely due to a significant portion of the funds stolen from Bybit being transferred through THORChain.

The incident at Bybit saw hackers make off with an estimated $100 million worth of cryptocurrency. While some of these funds have been recovered, a substantial amount remains unaccounted for.

THORChain's role in this process has led to a notable increase in its transaction fees, highlighting the platform's growing importance in the crypto ecosystem.