EmberCN: Arbitrum Freeze of KelpDAO-Linked ETH Appears to Spur Faster Laundering

On-chain analyst EmberCN said that after 30,766 ETH linked to the KelpDAO exploit was frozen on Arbitrum, the attacker began moving roughly 75,700 ETH on the Ethereum mainnet, valued at about $175 million. The funds have been broken into multiple smaller transfers, several of which have already passed through UmbraCash, pointing to an acceleration in laundering and fund-splitting activity.