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Kelp DAO cross-chain bridge hacker has laundered nearly $220 million in stolen funds, leaving only $1.7 million still untransferred.

MarsBitNews
Mars Finance reports that, according to The Defiant, nearly all of the approximately $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been laundered by the hacker. On-chain analyst Arkham Intelligence's tracking shows that only about $1.7 million remains in the original attacker's wallet. The hacker is linked to North Korea and previously launched a $292 million cross-chain bridge attack against LayerZero in April. Funds were transferred through privacy tools such as THORChain, Wasabi, Tornado Cash, and Umbra. The approximately $71 million in Ethereum frozen by the Arbitrum Security Council on April 20 is currently the only recoverable portion. LayerZero's report released on May 18 attributed the attack to North Korea's TraderTraitor organization. Kelp has recovered about 116k rsETH through migration to Chainlink CCIP and the DeFi United program, while Aave's security module absorbed approximately $190 million in bad debt.
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MempoolDrifter
· 3h ago
They don't even leave a small change of 1.7 million, really ruthless.
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MevBreakRoom
· 3h ago
1.7 million enough to buy how many missiles?
View OriginalReply0
TheGiantWhaleInTheReflection
· 4h ago
Arkham has been tracking someone in vain; the money has already been cleaned.
View OriginalReply0
GlassDomeUniverse
· 4h ago
On-chain transparency but unable to recover, ironic
View OriginalReply0
ShellsLeftBehindByTheReceding
· 4h ago
Cross-chain bridges = hacker withdrawal machines, this law has not been broken yet
View OriginalReply0
DancingOnTheEdgeOfLiquidation
· 4h ago
It just got exposed since April; PR really knows how to drag things out.
View OriginalReply0
IdleFishDaoMember
· 4h ago
Is Kelp DAO's risk control just for show?
View OriginalReply0
GateUser-8da82d63
· 4h ago
North Korean hackers are now better at making money than some VCs.
View OriginalReply0
DewdropSapling
· 4h ago
The cross-chain bridge has had another incident, 220 million just disappeared without a trace.
View OriginalReply0
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