KelpDAO hacker launders $220M from exploit
June 01, 2026, 1:22 PM
The hacker who stole $293 million from KelpDAO has laundered nearly all of the funds, with the exception of a portion frozen on Arbitrum (ARB), Cointelegraph reported. Approximately $220 million was moved through the crypto mixer Tornado Cash, making recovery of these funds unlikely. The remaining $71 million, which was frozen on Arbitrum, has since been transferred to an Aave (AAVE) multisig wallet and is awaiting a court decision.
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