#KelpDAOExploitFreeze
Arbitrum managed to freeze a quarter of the loot, the exploiter has started moving the remaining ~$220 million .
· Laundering in Progress: The hacker is using cross-chain protocols like THORChain and privacy tools like Umbra to launder funds, making recovery difficult.
· Broader Fallout: The exploit triggered Aave, SparkLend, and Fluid to freeze rsETH markets to prevent bad debt, while Kelp DAO and LayerZero continue to dispute blame over the security setup.