Kelp DAO exploiter launders $80 million worth of ETH, mostly through THORChain: onchain analyst
The Block
A blockchain analyst reports that the Kelp DAO exploiter has laundered $80 million in Ethereum, primarily utilizing the THORChain protocol.Summary
Following the $292 million exploit of Kelp DAO, the attacker has moved $80 million worth of Ethereum, largely through the decentralized exchange protocol THORChain. Onchain analyst EmberCN notes that this activity accelerated after the Arbitrum Security Council froze a portion of the stolen assets. THORChain, which operates as a permissionless and censorship-resistant platform, has seen a significant surge in swap volume as a result. While the protocol is frequently linked to money laundering by groups like North Korea's Lazarus Group, it maintains a neutral, automated policy without admin controls.
(Source：The Block)