Balancer's $120M exploiter reactivates after 5 months, launders $11M through THORChain mirroring Kelp DAO route

The Balancer V2 attacker who drained ~$120M last November went silent for five months, then started copying the Kelp DAO playbook — swapping ETH to BTC through THORChain. So far ~4,873 ETH (~$11.3M) has been routed into roughly 178 BTC, using the same path Kelp DAO's suspected Lazarus operators ran just days earlier on April 21. THORChain is quietly becoming the laundering rail of choice now that Tornado Cash carries too much sanctions risk.

TLDR by @Benthic

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• THORChain
• DAO
• Kelp DAO
• Balancer