Attention to this breaking update, today Tuesday, April 21. If you are following the hashtag
#KelpDAOExploitFreeze , get ready because the hacking situation of Kelp DAO has taken a movie-worthy turn.
Yesterday Monday, the Security Council of Arbitrum took an unprecedented emergency measure to try to recover part of the loot. They managed to freeze approximately $71 million (about 30,766
$ETH ) that were in a wallet linked to the attacker within the Arbitrum One network.
$ARB Here are the key details of what is happening right now:
- The hacker's counterattack: Just a few hours after Arbitrum froze those funds, the attacker (suspected to be the Lazarus group from North Korea) reacted by moving another $175 million to two new wallets to try to stay ahead of future freezes.
- The escape route: Investigators have detected that the hacker is using tools like Umbra Cash and THORChain to erase the trail and transfer funds from Ethereum to Bitcoin. They have almost completely emptied their original wallet.
- This freezing has generated enormous controversy. On one hand, many celebrate that almost a quarter of the stolen money is being recovered, but on the other, there are those who criticize that a security council has so much power to intervene in wallets, which goes against the idea of pure decentralization.
- Other protocols like Mantle and
$AAVE are working together on a recovery plan. There are even talks that some treasuries might participate to help affected users and stabilize the ecosystem.
Although $71 million has been recovered, there is still more than $220 million in the hands of the hackers. This is a race against time between crypto justice and the most sophisticated criminals in the world.
Do you agree that Arbitrum should freeze funds to catch hackers or do you think that breaks the rules of the blockchain?