BroadChain News, April 23rd 22:16, according to Cointelegraph, the wallet associated with the Kelp DAO attack has laundered approximately $175 million worth of stolen Ethereum (about 75,700 ETH) via THORChain, accounting for the vast majority of the total stolen amount. Another approximately $71 million in funds have been frozen by the Arbitrum Security Council.
This laundering operation indicates that the attacker utilized THORChain's cross-chain anonymity feature to convert ETH into other assets to evade tracking. THORChain's decentralized nature makes it a popular tool for hackers to launder money, with similar tactics previously seen in multiple DeFi attack incidents.
The frozen $71 million remains on the Arbitrum network, controlled by the Security Council. The Kelp DAO team is cooperating with law enforcement agencies in an attempt to recover the remaining assets. This incident once again highlights the security challenges faced by cross-chain bridges and decentralized exchanges.