Thorchain看到交易量和費用收入中的野生爆炸

在吸引加密貨幣世界的一系列事件中，索蘭（Thorchain

In a series of events that has drawn the eyes of the crypto world, THORChain has seen a wild explosion in transaction volume and fee income—all due to a money laundering operation associated with a hack on Bybit, one of the major cryptocurrency exchanges.

在吸引加密貨幣世界的一系列事件中，Thorchain在交易量和費用收入中發生了巨大的爆炸，這都是由於與黑客bybit上的洗錢行動有關，這是主要的加密貨幣交流之一。

The hacker who pulled off the Bybit breach has been busy using THORChain to launder his stolen funds, and this copious amount of activity has made its way into the THORChain books. So much so that it has effectively doubled the decentralized exchange’s transaction volume. You’d think this is a pretty good ad for THORChain. Too bad it is all because of the work of a criminal.

擺脫拜百比（Bybit）違規的黑客一直在忙著用胸部洗錢，這項大量的活動已經進入了胸部書籍。如此之多，以至於有效地使分散的交易所的交易量翻了一番。您會認為這是Thorchain的一個很好的廣告。太糟糕了，這全是因為罪犯的工作。

Massive Surge in Transaction Volume and Fees

交易量和費用大量激增

THORChain used to average $80 million in daily transactions before a hacker began to tunnel dirty money through the protocol. On February 22, 2025, the hacker set upon a not uncommon technique in the world of crypto for obscuring the provenance of stolen funds: using a decentralized exchange (in this case, THORChain) to swap the ill-gotten Ethereum for quieter Bitcoin.

在黑客開始通過協議開始犯規之前，Thorchain曾經平均每天8000萬美元的每日交易。 2025年2月22日，黑客介紹了加密貨幣世界中一種並不罕見的技術，目的是掩蓋了被盜資金的出處：使用分散的交流（在這種情況下為Thorchain）將不親密的以太坊交換為安靜的比特幣。

In total, THORChain saw a staggering $2.91 billion hit its smart contracts in just five days.

總的來說，索蘭（Thorchain）在短短五天內就達到了驚人的29.1億美元簽訂智能合同。

This was obviously a huge amount of not good. What followed was obvious and unavoidable in the context of “decentralized finance”—THORChain began using THORChain to swap otherwise silent Bitcoin for, at a guess, stealthy Ethereum. Remedial measures then had to ensue.

這顯然是不好的。在“分散財務”的背景下，隨之而來的是顯而易見的，也是不可避免的 - 托鏈開始使用Thorchain將否則無聲的比特幣交換為隱形的以太坊。然後必須採取補救措施。

The crypto community is not the only one taking notice of the rapid rise in transaction volume; it has also brought in serious cash for THORChain. The impetus behind all the activity may not be entirely above board, but the decentralized platform is certainly profiting from the upturn in business. The volume translated into income: about $3 million for the almost $3 billion worth of transactions. The money came in the form of fees for executing trades between different cryptocurrencies across THORChain’s decentralized exchange.

加密社區並不是唯一注意交易量快速上升的人。它還為Thorchain帶來了認真的現金。所有活動背後的動力可能並不完全超過董事會，但是分散的平台肯定會從業務上的上漲中獲利。該數量轉化為收入：約300萬美元，價值近30億美元的交易。這筆錢以費用的形式出現，用於在Thorchain的分散交易所之間進行不同的加密貨幣之間執行交易。

Bybit 被盗事件的赢家除了黑客，就是 @THORChain 了：黑客洗钱为 THORChain 带来了 $29.1 亿的交易量跟 $300 万的手续费收入。

Bybit 被盜事件的贏家除了黑客，就是@THORChain 了：黑客洗錢為THORChain 帶來了$29.1 億的交易量跟$300 萬的手續費收入。

Bybit 黑客的主要洗钱方式是通过 @THORChain 将 ETH 兑换成 BTC。这为 THORChain 带来了巨量的交易量跟手续费。同时也带动了 THORChain 的代币 $RUNE 上涨。… https://t.co/952qqgyuoNpic.twitter.com/QV3BPWoDqC

Bybit 黑客的主要洗錢方式是通過@THORChain 將ETH 兌換成BTC。這為THORChain 帶來了巨量的交易量跟手續費。同時也帶動了THORChain 的代幣$RUNE 上漲。 … https://t.co/952qqgyuoNpic.twitter.com/QV3BPWoDqC

— 余烬 (@EmberCN) February 27, 2025

— 餘燼(@EmberCN) February 27, 2025

Although these increased fees benefit THORChain, the transactions’ nature—due to a hack—brings up significant ethical and legal problems. Regardless, THORChain has gained a substantial amount of revenue and is seeing significant user metric increases.

儘管這些增加的費用受益於胸腔，但交易的性質（對黑客來說）帶來了重大的道德和法律問題。無論如何，Thorchain獲得了大量收入，並且看到了大幅度的用戶指標。

Price Impact on $RUNE

價格影響$符文

THORChain’s native token, $RUNE, has also been affected by the increase in transaction volume and, with it, handling fees. Demand has surged for $RUNE. Why? Because with platform activity booming, $RUNE has been in demand—driving up its price. Increased usage of a platform often correlates directly with demand for its token. Tokenomics 101.

Thorchain的本地令牌$符文也受到交易量增加以及處理費用的影響。需求激增了$符文。為什麼？因為隨著平台活動的蓬勃發展，$符文一直在需求 - 提高了價格。平台的使用增加通常與對令牌的需求直接相關。象徵學101。

In this case, the operation led by THORChain laundered a lot of money poured into the THORChain token through Crypto1555 and other backdoor schemers. Illicit activity around THORChain underscores the uptick in THORChain token price. It offers cover to THORChain developers and insiders who benefit every time the token THORChain is hiked. Volatility is not our friend. Long-term, we suspect this is not sustainable.

在這種情況下，由Thorchain領導的行動通過Crypto1555和其他後門計劃湧入了Thorchain令牌。 Thorchain周圍的非法活動強調了Thorchain代幣價格的上升。它為胸腔開發人員和內部人士提供了掩護，他們每次遠足時都會受益。波動不是我們的朋友。長期，我們懷疑這是不可持續的。

For THORChain, this may short-term financial success, but it could also bring unwanted regulatory eyes when the platform is already under close watch by regulators concerned its potential role in illegal activities. If involved in a money laundering scheme, and even if it is not intentional, could put THORChain right under the noses of plenty of law enforcement and financial regulators across the world.

對於Thorchain來說，這可能是短期的財務成功，但是當監管機構涉及其在非法活動中的潛在作用的監管機構已經密切關注該平台時，它也可能帶來不必要的監管眼。如果參與了洗錢計劃，即使不是故意的，也可以將胸骨置於世界各地的大量執法和金融監管機構的鼻子之下。

This development has shone a light on how illicit actors can use decentralized exchanges like THORChain. Centralized exchanges must follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, but decentralized exchanges are often much less regulated. Even this is an understatement because it is not clear that they are regulated at all. The recent Unsolvable Problem hack raises the more general question of how we should regulate all these canyoneering, rapids-rushing, tokencrazy places where money can just disappear.

這一發展闡明了非法演員如何使用Thorchain等分散的交流。集中式交流必須嚴格了解您的客戶（KYC）和反洗錢（AML）法規，但是分散的交易所通常受到的監管少得多。甚至這是輕描淡寫的，因為尚不清楚它們根本受到監管。最近無法解決的問題hack提出了一個更普遍的問題，即我們應該如何規範所有這些峽谷，急流，tokencrazy的地方，那裡的錢可以消失。

For THORChain, this involvement raises the crucial issue of whether the platform will suffer any legal or reputational harm. THORChain may not have had the slightest clue that laundering was going on, but it’s still a possible fallout from association with illegal activity. Ignorance on the part of the platform is sometimes, albeit rarely, an effective defense in criminal cases.

對於Thorchain而言，這種參與提出了一個至關重要的問題，即該平台是否會遭受任何法律或聲譽損害。 Thorchain可能沒有洗錢正在進行的絲毫線索，但這仍然是與非法活動的關聯可能的影響。該平台的無知有時在刑事案件中很少是有效的辯護。