KelpDAO exploiter shifts $175M+ in ETH as probe continues

The attacker tied to the KelpDAO exploit has moved more than $175 million into newly created Ethereum ($ETH) addresses, according to Arkham. The activity points to ongoing reshuffling of funds in the aftermath of the breach. On-chain investigator ZachXBT said the stolen assets are already being laundered, with about $1.5 million bridged to Bitcoin ($BTC) via Thorchain. Other funds have also been routed through Umbra to facilitate privacy-focused transfers.