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Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

Posted on June 1, 2026
By Cointelegraph
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1 min read

Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

The Kelp DAO exploiter has laundered most of the remaining stolen funds to make them untraceable, except for the $71 million successfully frozen by Arbitrum’s Security Council.