Dossier
Kelp DAO exploiter
Coverage of Kelp DAO exploiter in the Nexus archive.
- Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds
The Kelp DAO exploiter laundered nearly $220 million of stolen funds, leaving only $71 million frozen by Arbitrum’s Security Council. This action reduces the chances of recovering the majority of the stolen assets.
- Kelp DAO exploiter launders $80 million worth of ETH, mostly through THORChain: onchain analyst
A Kelp DAO exploiter laundered $80 million worth of ETH, primarily through THORChain. The 24-hour swap volume on THORChain surged to $394 million, far exceeding its usual daily volumes of under $35 million.