Kelp DAO exploiter moves stolen funds across chains

The exploiter behind the Kelp DAO hack has begun moving stolen funds, attempting to launder approximately $176 million in ETH. The funds were initially routed from Ethereum to Bitcoin using protocols like THORChain and Umbra. This activity follows Arbitrum's decision to freeze around $71 million in ETH linked to the exploit. Onchain investigators are closely monitoring the movement of these assets across different blockchains in an effort to track and potentially recover the stolen cryptocurrency.