KelpDAO Hacker Converts $175M ETH to Bitcoin as Arbitrum Freezes Funds

The attacker behind the KelpDAO exploit has shifted a large portion of stolen funds, converting approximately 75,700 ETH, valued at about $175 million, into Bitcoin within roughly 36 hours. The activity followed a recovery effort on the Arbitrum network, during which 30,766 ETH linked to the exploit were frozen and moved to a secure address. […] Read The Full Article KelpDAO Hacker Converts $175M ETH to Bitcoin as Arbitrum Freezes Funds On Coin Edition.