In a Nutshell
On April 18 the Arbitrum Security Council and SEAL 911 froze 30,766 ETH after Kelp DAO’s rsETH bridge was exploited by the Lazarus Group, which used falsely minted rsETH as Aave collateral to borrow WETH, creating systemic bad debt; $71M recovered, $220M remains missing.
Blockchain analyst Wenzhao Dong observed that the Lazarus Group demonstrated a sophisticated grasp of…
