Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds
In recent developments, the Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s…
Kelp DAO says rsETH restored 5 weeks after $293M protocol hack
In recent developments, kelp DAO says that sETH mints, redemptions and rewards operations have been running smoothly since it opened withdrawals for the token earlier this month. Looking closer, market…
Kelp DAO eyes unpausing withdrawals after attackers’ rsETH on Arbitrum is b…
In recent developments, kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet. Looking closer, market participants highlight key…
Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief
In recent developments, arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy. Looking closer, market participants…
Aave liquidates Kelp DAO hacker’s rsETH positions on Ethereum, Arbitrum
In recent developments, galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO…
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
In recent developments, bryan Pellegrino, co-founder and CEO of LayerZero, disputes Kelp DAO’s accusations and said a postmortem by external security firms will be published soon. Looking closer, market participants…
Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain
In recent developments, the wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen…
Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
In recent developments, aave’s supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the protocol will…
North Korea tied to heists worth $578M in April after Kelp DAO exploit
In recent developments, dPRK-linked crypto theft topped $578M in April after the Kelp DAO exploit, as attacks continue to expand across protocols, companies and end users. Looking closer, market participants…
Kelp DAO attacker moves $175M in Ether after exploit: Arkham
In recent developments, the Kelp DAO attacker has moved $175 million of stolen Ether in an apparent bid to start laundering it after the $290 million exploit. Looking closer, market…
Bitcoin Eyes $70K Breakout as 21Shares Sees Path Toward $100K by Q3
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