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Kelp DAO Hackers Launder Nearly All Recoverable Funds
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Hackers linked to North Korean cyber group TraderTraitor have laundered nearly all of the roughly $220 million in unfrozen funds stolen in the Kelp DAO bridge exploit, according to on-chain tracking data. The funds were moved through privacy-focused services including THORChain, Wasabi, Tornado Cash, and Umbra, making tracing significantly more difficult. Only about $1.7 million remains in the original wallets. The development matters because it sharply reduces the chances of recovering the unfrozen assets. Going forward, investigators are expected to focus on monitoring off-ramps and identifying any future attempts to convert the funds into fiat currency.
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