According to PeckShieldAlert (blockchain security monitoring account), the exploiter is being liquidated on Aave (crypto lending protocol), and a separate position on Arbitrum (Ethereum layer-2 network) has already been liquidated.
A wallet identified by PeckShieldAlert (blockchain security monitoring account) as linked to the Kelp DAO exploit is being liquidated on Aave (crypto lending protocol) with roughly $123 million in debt on Ethereum. The same source said the exploiter’s Arbitrum (Ethereum layer-2 network) position has also been liquidated. In decentralized finance, liquidation typically happens when collateral no longer supports borrowed funds under a protocol’s risk rules, allowing the system to sell assets to cover debt.