Summary
- Some of the funds stolen from KelpDAO were moved to new wallets, raising the possibility of dispersed transfers aimed at laundering the assets.
- According to on-chain analyst Ai, the KelpDAO attacker transferred about 50,700 ETH worth roughly $118 million to two new wallet addresses.
- The market is watching whether the dispersal and laundering process tied to the stolen funds will continue.
Forecast Trend Report by Period
Some of the funds stolen in the KelpDAO hack have been moved to new wallets, raising the possibility that the assets are being split up for laundering.
On April 21, on-chain analyst Ai said the KelpDAO attacker transferred about 50,700 ETH, worth roughly $118 million, to two newly created wallet addresses.
No additional transfers or sales have been detected from the recipient wallets so far. Based on the attacker’s earlier transfer patterns, however, the move is being viewed as a possible attempt to launder the funds on the Ethereum mainnet.
The latest transfers also coincide with previously identified cross-chain movements of the stolen assets, as tracking of the hack funds continues. The market is focused on whether the dispersal and laundering of the assets will continue.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
