🚨 JUST IN: The Kelp DAO hacker has laundered nearly all $220M in stolen funds, leaving just a $71M trail behind, thanks to Arbitrum's Security Council.

The brazen move spells disaster for investors, who had pinned hopes on recovering a significant chunk of the looted assets. The exploit, which involved the theft of $291M in $NEAR and $ARB on the Arbitrum Network, underscores the glaring vulnerabilities in DeFi's security landscape.

As the crypto community grapples with the magnitude of this breach, it's clear that the perpetrator has outsmarted regulators and exploited the very mechanisms designed to safeguard funds. The fact that the majority of the stolen funds have been successfully laundered raises troubling questions about the efficacy of existing security measures.

With the $71M frozen by Arbitrum's Security Council the sole remaining breadcrumb, investigators face an uphill task in tracking down the laundered funds. The incident highlights the need for more proactive and soph