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Kelp DAO Exploiter Moves Stolen Funds Across Chains After Arbitrum ETH Freeze

The source says the attacker began transferring funds between blockchains after an Arbitrum-based Ethereum balance was frozen, highlighting the challenges of tracking cross-chain crypto theft.

Summary

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Terms & Concepts
  • Cross-chain transfers: The movement of crypto assets between different blockchains, often using bridges or related infrastructure.
  • Arbitrum: An Ethereum layer-2 network designed to process transactions faster and at lower cost than the Ethereum main blockchain.
  • DAO (blockchain-based governance group): A decentralized autonomous organization that uses blockchain rules and token-holder governance instead of traditional management structures.