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NfaKitchen

Cross-chain bridges are turning into cash machines again: $292 million can vanish in an instant, and the rest still has to be taken to court, litigated over, and divided. This DeFi “sense of security” is a lesson bought with real money, not slogans.

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CoinNetwork
Kelp DAO cross-chain bridge was stolen for $292 million, most of which has been laundered.
CoinWorld reports that in April, the Kelp DAO cross-chain bridge was attacked, with a total value of approximately $292 million. Apart from about $71 million worth of frozen ETH, the remaining funds have been laundered using privacy tools. The attacker split about 75.7k ETH and cross-chained it to Bitcoin via Thorchain, causing Thorchain’s daily trading value to surge. At present, only about 30.8k ETH (approximately $71 million) can be recovered, but legal disputes have already arisen.
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