The article describes THORChain as a major laundering venue after the February 2025 Bybit theft, with nearly $1.2 billion in stolen funds allegedly routed through the protocol. It ties the activity to TraiderTraitor, a DPRK APT associated with the Bybit hack, and says the group used THORChain early in the laundering chain to swap ETH into Bitcoin. The source explains why the protocol appealed to criminal users: no account registration or KYC at the protocol level, censorship-resistant access, high liquidity, low fees, and direct interaction options that can bypass filtered interfaces. Those features made THORChain useful for rapid cross-chain obfuscation before later mixing or cash-out steps.