Ooofff… yeah, this whole situation just hit a major turning point 😬 the #KelpDAO hacker has now fully EXITED swapping all 75,701 #Ethereum (~$175M) into Bitcoin using THORChain and other routes. that’s basically the final step in laundering, once funds are bridged and converted like this, tracking and recovery get way harder.

but what’s interesting is the response from the ecosystem… Mantle stepping up with a proposal to provide 30,000 $ETH (~$70M) to Aave as a loan is a pretty big signal. and on top of that, Lido Finance offering a 2,500 stETH (~$5.8M) one-time donation shows there’s real effort to stabilize things.
So you’ve got two things happening at once: attacker successfully rotating and securing funds, major protocols stepping in to contain the damage..... this is basically DeFi stress-testing itself in real time… and whether Aave fully absorbs this or not will say a lot about how resilient the system actually is.