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Kelp DAO Bridge Hack: Nearly $220M in Stolen Funds Laundered, Only $1.7M Remains

Security Incidents On-Chain Data Enforcement Actions

2026-06-02 01:07:59

ARKM0.35%

ZRO-1.22%

According to The Defiant and blockchain analysis firm Arkham Intelligence, nearly all $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been laundered. The attacker's wallet now holds approximately $1.7 million, down from the original theft amount. The funds were moved through privacy tools including THORChain, Wasabi, Tornado Cash, and Umbra. The hacker is linked to North Korea and previously conducted a $292 million LayerZero bridge attack in April. The only recoverable portion remains the approximately $71 million in Ethereum frozen by Arbitrum's security council on April 20.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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