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Wu said he learned that the on-chain analyst Specter stated that funds from the KelpDAO cross-chain bridge attack have entered the splitting and cross-chain laundering stage. The attacker dispersed assets across multiple addresses; after one address received the funds, it quickly initiated a money-laundering process. About 99% of the funds were transferred to the Bitcoin network via THORChain, driving the protocol’s single-day trading volume to about $211 million (about 10 times the 30-day average). Currently, about 442 BTC (about $33 million) are distributed across multiple addresses. More than 400 addresses have been used for transfers, and some funds have been mixed with historically North Korea-related attack funds.