"The Arbitrum Security Council froze 30,766 ether held by the KelpDAO exploiter on Arbitrum One, moving the funds to a protocol-controlled address before they could be bridged back to the Ethereum mainnet."
"The KelpDAO exploit drained approximately 292 million from the protocol via a Layerzero bridge attack targeting rsETH, with a portion of the stolen funds being moved to Arbitrum One after the initial breach."
"Onchain analysts have pointed to North Korea's Lazarus Group as the likely culprit behind the attack, which triggered a full-blown liquidity crisis across the decentralized finance lending landscape."
On April 21, the Arbitrum Security Council froze 30,766 ether, valued at approximately 70 million, belonging to the KelpDAO exploiter. The action was taken after Peckshield alerted that the exploiter had initiated a withdrawal to the Ethereum mainnet. The funds were moved to a protocol-controlled address to prevent their transfer. The KelpDAO exploit had previously drained around 292 million from the protocol, causing a liquidity crisis in decentralized finance. Analysts suspect North Korea's Lazarus Group was behind the attack.
Read at news.bitcoin.com
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