---
title: "Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds"
url: https://thecoingazette.com/recovery-hopes-fade-as-kelp-dao-hacker-launders-nearly-all-220m-in-stolen-funds/
date: 2026-06-01
modified: 2026-06-01
lang: en
author: "Coin Gazette Editorial"
description: "The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s Security Council."
categories:
  - "Uncategorized"
tags:
  - "Latest News"
word_count: 29
---

# Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds

![Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds](https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1jb21wYXJpbmctbW9uZXktbGF1bmRlcmluZy13aXRoLWNyeXB0b2N1cnJlbmNpZXMtYW5kLWZpYXQuanBn.jpg)

The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s Security Council.