KelpDAO Exploiter Routes 75,700 ETH To Bitcoin, Fuels $800M THORChain Surge
The KelpDAO attacker has converted 75,700 stolen Ether (ETH), worth roughly $175 million, into Bitcoin (BTC) in about 36 hours. KelpDAO Exploiter Moves Funds On-chain analyst EmberCN first flagged the swap sprint in a post on X this week. The attacker routed nearly all of the stolen ETH through THOR