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Kelp DAO exploiter begins moving stolen funds across chains after Arbitrum ETH freeze

The Block
Attackers behind the $292 million Kelp DAO exploit have begun laundering stolen funds through cross-chain protocols following an asset freeze by Arbitrum.

Summary

Following a $292 million exploit of the Kelp DAO rsETH bridge, the perpetrators have started moving stolen assets across various chains, including Bitcoin, via protocols like THORChain and Umbra. This activity comes after Arbitrum's Security Council successfully froze $71 million of the stolen ETH. While the total amount moved is currently a small fraction of the stolen haul, the movement signals an attempt by the attackers to launder funds and exit their positions, heightening the urgency for recovery efforts as assets leave the Ethereum mainnet.

(Source:The Block)