In the KelpDAO attack, which stands out as one of the most notable cyber attacks of the recent period, it was revealed that digital assets worth $ 290 million started to be carried by the perpetrators. According to the information shared by Onchain researcher ZachXBT and blockchain analysis platform Arkham, the attackers moved a significant portion of the stolen assets.
Huge asset transfers detected
Looking at Arkham’s on-chain data, two large transfers appear to have occurred from the digital wallet that controls the proceeds from the attack. On Tuesday, transfers of $117 million and $58 million were recorded on the Ethereum network during transactions made during European-based hours. This development once again brought the magnitude and potential risks of the KelpDAO case to the agenda.
The KelpDAO attack is shown as the highest amount of extortion in the decentralized finance world in recent months. While the incident causes serious concern in the DeFi ecosystem, it also increases anxiety that similar vulnerabilities may be found in other projects. Experts state that such large-scale hacking incidents can have negative effects that spread throughout the ecosystem.
According to on-chain data released by Arkham, attackers transferred a total of close to $175 million to different addresses in just two transactions on Tuesday.
Move from Arbitrum: 71 million dollars were seized
Following the developments, a precaution was taken by Arbitrum, the second layer solution connected to Ethereum. The company prevented transactions by freezing $71 million worth of ether, which was found to be linked to the attack. Thanks to this step, the mobility of some of the funds held by the attackers was restricted.
Arbitrum announced the freeze decision earlier in the week. Following this development, it is stated that the attacker may make new moves to move and launder the remaining assets in his possession more quickly.
What is KelpDAO, what were the repercussions of the attack?
KelpDAO stands out as an important liquidity protocol among decentralized finance projects. The protocol, which was developed to facilitate high-volume asset transactions and provide high returns for users, has attracted attention in the crypto ecosystem especially recently. After the attack, risk perception in the DeFi field increased significantly.
After the KelpDAO attack, research into whether there are similar security vulnerabilities in different blockchains has accelerated. Market players emphasize that decentralized projects must increase security standards.
Experts continue to follow the fate of the funds obtained from the attack following the latest moves. Additionally, it is thought that the events may trigger new security measures throughout the industry.
