KelpDAO Hacker Cross-Chain Transferring $290 Million in Stolen Assets

BroadChain has learned that at 17:54 on April 21, according to CoinDesk, data shows that the KelpDAO hacker is transferring $290 million worth of stolen cryptocurrency through cross-chain bridges and privacy tools in an attempt to obscure the flow of funds. This development has heightened market concerns about the spread of risks in the DeFi sector. The hacker is using multiple blockchain networks and coin-mixing services for money laundering, increasing the difficulty of tracking. This large-scale asset transfer occurred after KelpDAO suffered a security breach, highlighting the complex security challenges DeFi protocols face in terms of cross-chain interoperability and the misuse of privacy tools.