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North Korean hackers launder nearly all $220M stolen from Kelp DAO in April 2026 breach

Market News
02 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

In April 2026, North Korean hacking group TraderTraitor stole about $292 million from Kelp DAO by exploiting a bridge vulnerability. They have since laundered nearly all $220 million of accessible funds using complex privacy tools, leaving only $1.7 million traceable. Meanwhile, $71 million remains frozen but tied up in legal disputes. Kelp DAO compensated users and switched to Chainlink CCIP for better security, but the stolen funds are largely unrecoverable.

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