KelpDAO Exploiter: Launders $176M Funds
KelpDAO exploiter moves $176M stolen funds from Ethereum to BTC via THORChain, UmbraCash, Chainflip, bridging crypto exploit laundering tactics amid Bitcoin market volatility.
SourceThe KelpDAO exploiter kicked off laundering roughly $176M in stolen funds, bridging small batches from Ethereum to BTC through platforms like THORChain, UmbraCash, Chainflip, and BitTorrent, as flagged by PeckShieldAlert. This move underscores rising DeFi security breach risks, with exploiters leveraging cross-chain bridges to obscure trails in the crypto exploit laundering landscape, potentially stirring Ethereum price prediction debates amid ongoing Bitcoin hype.
On the ETH 4h chart, price action clings to $2325.15 in a bullish structure, hugging the EMA50 support at $2312.27 while staying well above the EMA200 at $2207.22 as a deeper backstop. Yet the MACD's bearish death cross at -6.38 signals weakening momentum, with RSI neutral at 50.02 offering no strong directional bias; confluence points to volatility exhaustion inside the Bollinger Bands, where upper resistance at $2386.66 caps upside and lower support at $2263.48 could trigger a quick dip if sellers pile in, setting up a probable retest of EMA50 before any macro rebound in this crypto market crash recovery phase.
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