Crypto News

Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds

The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s Security Council.

Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave

A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.

Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief

Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.

Arbitrum delegates back $71 Million ETH recovery plan despite U.S. seizure fight

DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days