Kelp DAO Hacker Has Laundered Nearly All $220M in Unfrozen Funds, Closing the Recovery Window

According to The Defiant, on-chain tracking data shows that the hackers behind the Kelp DAO bridge exploit, identified as North Korean threat group TraderTraitor, have laundered approximately $220 million in unfrozen funds through privacy-focused channels including THORChain, Wasabi, Tornado Cash, and Umbra. Only around $1.7 million remains in the hackers’ original wallets, indicating that the window for transaction-by-transaction tracing and direct recovery of the unfrozen assets has largely closed. — link