THORChain generated approximately $5.5 million in fee revenue due to the Bybit hacking incident, processing over $5.4 billion in transaction volume

ChainCatcher news, according to Cointelegraph, the cross-chain asset exchange protocol THORChain has processed over $5.4 billion in transaction volume since Bybit suffered a $1.4 billion hack, generating approximately $5.5 million in revenue for the platform.

According to data from the THORChain explorer, on the day following the hack of Bybit, THORChain processed over $1 billion in exchange transaction volume, generating more than $554,000 in total revenue that day alone.

Despite achieving this revenue milestone, THORChain has faced scrutiny for its role in the illegal transfer of funds.