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KelpDAO’s stolen funds have entered the laundering phase: part of the funds has been bridged across chains to the Bitcoin network via THORChain, and over 400 addresses have already been utilized.

According to on-chain analyst Specter (@SpecterAnalyst), the North Korean hacking group TraderTraitor began laundering stolen funds from KelpDAO at approximately 3 a.m. Beijing time today—just three hours after the Arbitrum Council froze 30.7 ETH (approximately $71 million). The attackers split the remaining funds across three wallets, holding roughly 25,000 ETH (~$57.6 million), 25,700 ETH (~$59.2 million), and 25,000 ETH (~$57.9 million), respectively. The third wallet immediately initiated laundering operations and now holds only about 3,800 ETH (~$8 million). The majority of the funds were bridged to the Bitcoin network via THORChain, with approximately 99% flowing through this protocol. As a result, THORChain’s daily trading volume surged to $211 million—more than ten times its 30-day average—and generated roughly $189,000 in fees. During this laundering process, the illicit proceeds were also commingled with funds stolen in the BTC Turk (2025) and Bybit (2025) hacks. To date, approximately 442 BTC (~$33 million) linked to these incidents have been traced on the Bitcoin network, and over 400 addresses have been utilized throughout the entire laundering operation.

Bitmine Restakes 61,232 ETH Worth $142 Million

According to on-chain analyst Onchain Lens (@OnchainLens), Bitmine has staked another 61,232 ETH, valued at $142 million. To date, Bitmine has staked a total of 3,395,869 ETH, valued at $7.9 billion, and may continue staking going forward.

SoFi Launches XRP Deposits, but Faces User Criticism Over Withdrawal Restrictions

Odaily News SoFi announced that its crypto business now supports XRP deposits, but the temporary inability to withdraw XRP to external wallets has sparked user dissatisfaction.Currently, users can only hold or trade XRP within the platform and cannot transfer it out to on-chain wallets. This design has been criticized by some users as an "ETF-like model," arguing that it only provides price exposure without truly connecting to the crypto ecosystem.SoFi stated that it will enable withdrawal functionality in the future but has not provided a specific timeline.

A newly created wallet withdrew 35,000 ETH from Binance within two hours and transferred them to BitGo.

According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet withdrew 35,000 ETH—worth approximately $80.7 million—from Binance within the past two hours and subsequently transferred the funds to BitGo.

AI16Z and ELIZAOS Creator Face Class-Action Lawsuit Over Alleged False Advertising and Unjust Enrichment

Cryptocurrency law firm Burwick Law has filed a federal class-action lawsuit in the U.S. District Court for the Southern District of New York (SDNY) against defendants including Walters—the creator of AI16Z and ELIZAOS—alleging violations of consumer protection laws, false advertising, and unjust enrichment. Court documents indicate that the defendants allegedly leveraged the brand reputation of Andreessen Horowitz (“a16z”) to market the project, launching the AI16Z token on Solana on October 24, 2024, later rebranding it as ELIZAOS. The complaint alleges that the project claimed to deploy autonomous AI agents capable of making investment decisions, whereas operations were in fact manually conducted—and no revenue was generated during the litigation period. On January 2, 2025, the token reached an all-time high price of approximately $2.47, with a market capitalization exceeding $2.6 billion; it subsequently collapsed amid large-scale sell-offs by major holders. On-chain data shows that the most profitable trader realized gains of roughly $39 million.

CHIP Lists on Bybit Spot

It is reported that Bybit Spot has officially launched CHIP on April 21. To celebrate the listing, the platform has simultaneously launched the “14,500,000 CHIP Token Splash” trading competition, where users can participate by depositing funds, trading, and more to win generous rewards.

Suspected team multi-signature address distributed 50 million AIOT, worth approximately $1.858 million

According to Arkham data, a suspected team multi-signature address (0x33E) distributed 50 million AIOT tokens within the past 32 minutes. These tokens were transferred in 10 separate transactions to different addresses, each amounting to 5 million tokens, with a total value of approximately $1.858 million. CMC data shows that the current circulating supply of AIOT is 283 million tokens, with a current price of $0.03678, representing a 24-hour decline of 11.28%.

OpenGradient (OPG) Listed on Bybit Spot, Launching OPG Token Splash and Wealth Management Special Event with Up to 555% APY

It is reported that Bybit Spot officially launched OpenGradient (OPG) on April 21. To celebrate the listing, the platform has simultaneously launched two promotional activities: the “OPG Token Splash” trading competition offering 4,000,000 OPG in rewards, and a dedicated OPG token savings campaign—both delivering up to 555% APY. OPG Token Splash: Users can participate by depositing funds or trading to win generous rewards. OPG Token Savings Campaign: From now until May 20, 2026, both new and existing users may choose between two savings plans offered by Bybit Earn. Participants can deposit either USDT or OPG, and all returns will be distributed in OPG tokens: New users depositing over 100 USDT are eligible for up to 555% APY; all users depositing over 2,000 OPG are eligible for up to 100% APY.

Binance to List Chip (CHIP) and Add Seed Tag

According to the official announcement, Binance will list Chip (CHIP) and open spot trading pairs CHIP/USDT, CHIP/USDC, and CHIP/TRY on April 21, 2026, at 21:30 UTC. CHIP deposits will open one hour later, and withdrawals are expected to open on April 22, 2026, at 21:30 UTC.

KelpDAO Attacker Transfers 50,700 ETH to New Addresses, Valued at Approximately $118 Million

Odaily News According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the KelpDAO attacker has transferred 50,700 ETH to 2 new addresses, valued at approximately $118 million.

Tether minted 2 billion new USDT on Ethereum over the past three days.

According to on-chain analytics platform Lookonchain (@lookonchain), Tether minted an additional 2 billion USDT on Ethereum over the past three days.

WEEX Launches Zero-Fee SVT Trading and $30,000 USDT Rewards Sharing

WEEX Exchange has announced a zero-fee SVT trading campaign, where users can share in a $30,000 USDT prize pool by trading SVT. Event Period: April 20, 20:00 – April 27, 20:00 (UTC+8). During the event: - New users who make a net deposit of ≥100 USDT and execute their first spot trade in SVT will receive a $10 USDT reward. - Returning users participating in the trading contest can claim exclusive red envelopes worth $15–$100 USDT based on their SVT spot trading volume. - Both new and existing users with cumulative SVT spot trading volume ≥100 USDT will be eligible to share in a $10,000 USDT prize pool based on their trading volume ranking; the top three ranked users will receive $800, $600, and $400 USDT respectively.

Aave’s TVL drops to $16.432 billion, with some funds flowing to Spark

According to on-chain analytics platform Lookonchain (@lookonchain), funds continue to flow out of Aave, with some of those funds moving to Spark. Data shows that Aave’s current total value locked (TVL) has dropped to $16.432 billion, a decrease of $9.94 billion; meanwhile, Spark’s TVL has risen to $4.552 billion, an increase of $825 million.

Tether Mints 1 Billion New USDT on the Ethereum Network

According to on-chain analyst Onchain Lens (@OnchainLens), Tether minted 1 billion USDT on Ethereum 8 minutes ago.

Cooker Reverses Band on ASTEROID, Sells Low for About $160K and Buys Back High

Odaily News According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, trader Cooker has been continuously conducting band trading on ASTEROID recently. Around 10:00 today, they sold approximately $160,000 worth of tokens in the price range of $0.0002714-$0.0003161, causing a short-term price drop to $0.0002.Subsequently, they indicated that the market FUD intensity was limited and repurchased about 1.78 billion ASTEROID tokens in the price range of $0.000359-$0.00048.

BIT: BTC Demand Structure Repairing, ETF Single-Day Net Inflows Hit New High Since Mid-January

Odaily News Analyst Markus Thielen stated that the Bitcoin demand structure is gradually repairing. He pointed out that strategic holdings continue to increase, providing stable buying support, the Coinbase Premium has rebounded, and the single-day net inflow of spot Bitcoin ETFs once reached $664 million, the highest level since mid-January.He believes that corporate capital, ETF inflows, and U.S. spot demand are forming a combined force, coupled with the return of stablecoin capital, market liquidity is gradually improving. Against this backdrop, Bitcoin's price may enter a new consolidation range. If the related trends continue, the probability of an upward move has increased, but the price action may still be dominated by consolidation.

BIT: BTC Demand Structure Repairs; ETF Sees Single-Day Net Inflow Highest Since Mid-January

According to analyst Markus Thielen, Bitcoin’s demand structure is gradually recovering. Strategy (formerly MicroStrategy) continues its accumulation, providing steady buying support; the Coinbase Premium is rising steadily; and spot Bitcoin ETFs recorded a single-day net inflow of $664 million—the highest level since mid-January. Corporate treasury purchases, ETF inflows, and U.S. spot demand are converging, while stablecoin liquidity continues flowing back into the ecosystem—collectively strengthening liquidity support. Analysts note that the market may be forming a new consolidation range; if these trends persist, the probability of price advancing toward the upper bound of this range is increasing—though the move will not be linear.

Hong Kong woman loses HK$7.7 million in cryptocurrency after falling for AI-powered quantitative trading scam

According to Hong Kong 01, a woman met a fraudster on Telegram who claimed to be an “investment expert.” The scammer lured her with promises of stable high returns using “quantitative trading” and “AI algorithms.” Believing the claims, the victim transferred approximately HK$7.7 million worth of USDT and ETH from her e-wallet to wallets designated by the fraudster in 17 separate transactions. When she attempted to withdraw funds, the scammer delayed and refused her requests with various excuses—only then did she realize she had been defrauded. Police warned that “high returns + low risk + low entry barrier” constitutes a 100% fraudulent “impossible triangle,” and urged the public to verify the authenticity of any investment platform before committing funds.

A newly created wallet withdrew 80,000 ETH from Binance, valued at approximately $185 million.

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet address (0x32E1), only four weeks old, withdrew 80,000 ETH from Binance in a single transaction, valued at approximately $184.7 million.

Trader Loracle opens a 5x leveraged short position on HYPE, with the current position value at $11 million.

According to on-chain analyst Onchain Lens (@OnchainLens), the well-known address Loracle (@loraclexyz) has opened a $HYPE short position worth $11 million with 5x leverage on HyperLiquid, and the position size is still increasing. Meanwhile, it holds a 5x long position in 374.66 $PAXG.