Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

Cointelegraph Staff

(02:09 PM UTC)

1 min read

The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts.

The Kelp DAO hacker-tagged wallet appears to have laundered nearly all the stolen funds, with just $1.7 million remaining traceable in the wallet, according to blockchain data provider Arkham. The…

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Cointelegraph Staff · Cointelegraph

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