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The Kelp DAO cross-chain bridge hack has cleaned up nearly $220 million in stolen funds, with only $1.7 million remaining untransferred. - CoinFeed
Time 01:05

The Kelp DAO cross-chain bridge hack has cleaned up nearly $220 million in stolen funds, with only $1.7 million remaining untransferred.

June 2, 2026
CoinFeed News

CoinFeed reported on June 2nd that, according to The Defiant, approximately $220 million in funds that were not frozen in the Kelp DAO cross-chain bridge attack have been almost entirely wiped out by the hackers. On-chain analyst Arkham Intelligence tracking data shows that only about $1.7 million remained in the original attacker's wallet. The hacker, linked to North Korea, previously launched a $292 million cross-chain bridge attack against LayerZero in April. The funds were transferred through privacy tools such as THORChain, Wasabi, Tornado Cash, and Umbra. The approximately $71 million in Ethereum frozen by the Arbitrum Security Council on April 20th is currently the only recoverable portion. A report released by LayerZero on May 18th attributed the attack to the North Korean TraderTraitor organization.

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