The KelpDAO hacker has successfully converted 75,700 ETH, valued at approximately $175 million, into Bitcoin using platforms like THORChain. This significant conversion highlights ongoing security challenges within the crypto space.
Meanwhile, Mantle has proposed lending 30,000 ETH, worth around $70 million, to the decentralized finance platform Aave. In a separate development, Lido has suggested a one-time donation of 2,500 stETH, equivalent to about $5.82 million. These proposals reflect strategic moves by both organizations to leverage their Ethereum holdings for broader ecosystem engagement.
KelpDAO Hacker Converts $175M in ETH to BTC Amidst New Proposals from Mantle and Lido
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