🚨 Crypto Crime Alert! 🚨 ThorSwap, a popular decentralized exchange, is becoming a hotspot for hackers and money launderers from Russia, CIS region, and North Korea. A shocking 65% of ETH to BTC conversions on the platform were identified as stolen funds! 😲

Key Stats:

- In the last 4 months, $57m out of $88m worth of ETH converted to BTC was confirmed stolen

- Additional 3,300+ ETH suspected to be laundered via ThorSwap

Major Hacks:

- FTX Accounts Drainer: 19,944 ETH (~$32m)

- Stake.com Hack: 8,143 ETH + 1.64m USDT (~$15m)

- Individual Seed Phrase Compromises: 4,195 ETH (~$7.1m)

This alarming trend raises questions about the responsibility of decentralized and privacy-focused platforms in preventing misuse. While these technologies hold great promise, it's crucial to ensure they don't become havens for criminals.

What do you think? How can the crypto community tackle this issue? Share your thoughts in the comments below! 👇

Source: Metaverse Post