The KelpDAO thieves just moved $175 million as the laundering process begins
By Oliver Knight
Published on April 21, 2026.
The hackers responsible for the $290 million theft of the KelpDAO exploit are beginning to launder their funds, according to onchain sleuth ZachXBT and data from Arkham. The wallet controlling the funds sent two transfers of $117 million and $58 million on the Ethereum blockchain during European hours on Tuesday. Additionally, around $1.5 million was bridged from the Ether to Bitcoin via Thorchain, and an additional $78,000 was routed through the privacy protocol Umbra. The breach has sparked widespread negative sentiment among the De.
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