Kelp DAO Recovery Outlook Worsens as Nearly $220 Million in Stolen Funds Are Laundered

The recovery outlook for funds stolen in the Kelp DAO exploit has deteriorated further. According to Arkham, the attacker laundered nearly all of the unfrozen $220 million and the wallet now holds only about $1.7 million. That leaves the roughly $71 million frozen by Arbitrum on April 20 as the main amount still potentially recoverable. LayerZero also linked the April attack to North Korea’s TraderTraitor group, adding an attribution detail to the broader $293 million exploit.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.