North Korea-Linked Creditors Target Frozen Kelp DAO Funds in U.S. Court Enforcement Action

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-04 09:05:02

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Creditors tied to terrorism-related judgments against North Korea are attempting to seize funds from Kelp DAO through a U.S. federal court order. The April 30 restraining notice, served via Arbitrum DAO's governance forum, stems from unpaid judgments exceeding $877 million linked to attacks attributed to Pyongyang.

Blockchain analytics firm LayerZero attributed the Kelp DAO exploit to Lazarus Group, a North Korean state-backed hacking unit. The breach resulted from systemic design flaws rather than individual vulnerabilities. U.S. authorities have previously connected this hacking apparatus to broader cyber theft campaigns.

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