Lazarus, North Korean state hacker group:


1/ Attacked Kelp DAO, stole $292 million worth of rsETH
2/ Without selling off, they directly deposit ETH into Aave's collateral fund, borrowing 190 million ETH clean
3/ Within 48 hours, Aave's TVL vaporized by $8 billion, marking the first real DeFi attack
4/ Arbitrum Security Committee froze $71 million, the only recovered funds
5/ The remaining $175 million was used to develop Thorchain, with 494,000 transaction fees paid to the protocol as bridge fees
6/ Converted to BTC, broken into UTXO pieces across thousands of addresses
7/ Reversed back to Tron, converted to USDT
8/ OTC traders take over and consolidate funds, making payments via UnionPay, bypassing SWIFT and sanctions
9/ Funds sent to Pyongyang and directly transferred into the national treasury
7 days, 9 protocols, all on-chain transparency
No one can stop them.
ETH-0.94%
AAVE-0.44%
ARB0.26%
BTC-1.18%
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