According to ChainCatcher, citing The Defiant, nearly all $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been laundered by the hacker. On-chain analyst Arkham Intelligence tracking shows that only approximately $1.7 million remains in the original attacker’s wallet. The hacker is linked to North Korea and previously carried out a $292 million cross-chain bridge attack on LayerZero in April. The funds were moved through privacy tools including THORChain, Wasabi, Tornado Cash, and Umbra. The only recoverable portion so far is approximately $71 million in Ethereum frozen by the Arbitrum Security Council on April 20. LayerZero’s report released on May 18 attributed the attack to the North Korean group TraderTraitor. Kelp has recovered approximately 116,000 rsETH through migration to Chainlink CCIP and the DeFi United initiative, while Aave’s safety module absorbed around $190 million in bad debt.
Kelp DAO hackers nearly fully laundered $220 million in stolen funds, leaving $1.7 million remaining
ChaincatcherShare
Summary
Kelp DAO technology hackers have nearly fully laundered $220 million in stolen funds, with only $1.7 million remaining in the original wallet. According to Arkham Intelligence, the attacker used privacy tools such as THORChain and Tornado Cash. The hacker is linked to North Korea and previously stole $292 million in a LayerZero attack. The Layer 1 blockchain security council Arbitrum froze $71 million in Ethereum on April 20. Kelp has recovered approximately 116,000 rsETH through migration to Chainlink CCIP and DeFi United, while Aave’s security module absorbed $190 million in bad debt.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.