KelpDAO Exploit Funds Moved to Bitcoin via THORChain

An address linked to the KelpDAO exploit has moved stolen funds to the Bitcoin network using cross-chain liquidity protocol THORChain, according to blockchain analytics cited by Wu Blockchain. The transactions reportedly increased THORChain’s daily transaction volume to about $211 million. Approximately 442 BTC, distributed across more than 400 addresses, has been traced to this activity, with some funds commingled with assets previously associated with North Korea-linked attacks, Wu Blockchain reported. Investigations into the movement of the illicit proceeds are ongoing.