ETH Sold for 22.12 Million DAI: Insights into Potential THORChain Hack

In a recent report by COINOTAG, it has been highlighted that an Ethereum address liquidated 8,698 ETH for approximately $22.12 million DAI, with the transaction price pegged at $2,543.4 per ETH. This transaction occurred within the last hour, raising eyebrows within the crypto community. Notably, the Ethereum in question originated from THORChain, a decentralized cross-chain exchange, indicating a potential link to recent security breaches affecting the platform. Such transactions emphasize the growing importance of decentralized finance (DeFi) protocols while also reflecting the inherent risks involved in this volatile market. Stakeholders are advised to stay vigilant and monitor any emerging trends related to blockchain security to safeguard their assets amidst these developments.