THORChain, a decentralized cross-chain liquidity protocol, has been making headlines recently as its swap volume has reached record highs. This surge in activity can be attributed to the recent Bybit hack, which has sparked a frenzy of laundering through various decentralized exchanges.

The Bybit hack, which occurred in May 2021, resulted in the theft of over $2 billion worth of cryptocurrency. This has caused a ripple effect in the crypto community, with many exchanges and protocols implementing stricter security measures to prevent similar incidents from happening in the future.

However, it seems that the hackers behind the Bybit attack are still trying to launder their stolen funds. This is where THORChain comes into play. As a decentralized exchange, THORChain allows users to swap between different cryptocurrencies without the need for a central authority. This makes it an attractive option for those looking to launder their stolen funds.

Since the Bybit hack, THORChain’s swap volume has skyrocketed, reaching record highs. This is a clear indication that the hackers are actively using the protocol to launder their stolen funds. While this may be concerning for some, it also highlights the power and potential of decentralized exchanges like THORChain.

Decentralized exchanges offer a level of security and anonymity that traditional centralized exchanges cannot match. This is because they do not hold user funds or personal information, making them less vulnerable to hacks and data breaches. However, as seen with the Bybit hack, they are not immune to attacks.

Despite this, the surge in THORChain’s swap volume is a testament to the growing popularity and adoption of decentralized exchanges. As more people become aware of the benefits and advantages of using decentralized protocols, we can expect to see even more record-breaking volumes in the future.