Thu, 23 Apethereum

Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain

Burns Brief

The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ETH $ARB $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.

The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council.

Key Takeaways