KelpDAO hackers are laundering millions in stolen crypto, data show

What Happened

Hackers who stole $290 million from KelpDAO are laundering stolen cryptocurrency across multiple blockchains. According to blockchain data, $117 million and $58 million were transferred on Ethereum. Approximately $1.5 million was bridged to Bitcoin via Thorchain, with additional funds routed through privacy protocol Umbra. Cross-chain transfers and privacy tools suggest ongoing money laundering efforts.

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