2026-04-21 15:51:53
Kelp DAO Hackers Launder $175M in Stolen Funds Through Privacy Services
Summary: Hackers behind the $300M Kelp DAO theft are laundering about $175M via two wallets, routing through THORChain, Umbra, and BitTorrent to anonymize transactions.
Abstract: Cybers security firm Cyvers reports ongoing laundering of funds from the Kelp DAO breach, with roughly $175 million moved to two wallets and routed through privacy tools to obscure the trail, as the industry works to identify and block the assets.