Arbitrum Security Council freezes $71M in ETH from the Kelp DAO hack, handing final fund recovery decisions to ARB token holders. Yahoo Finance: Arbitrum Freezes $71M in ETH Linked to Kelp DAO Exploit Cointelegraph on MSN: Arbitrum freezes $71M of Ether connected to Kelp exploit Crypto Briefing: KelpDAO hacker moves $175M after Arbitrum freezes $71M linked to $292M exploit KelpDAO hacker moves $175M after Arbitrum freezes $71M linked to $292M exploit Invezz on MSN: Arbitrum freezes $71M ETH in Kelp DAO hack as DeFi fallout grows Arbitrum freezes $71M ETH in Kelp DAO hack as DeFi fallout grows Yahoo Finance: Arbitrum takes back $71m from Kelp DAO hacker: ‘We did not make this decision lightly’ Arbitrum Security Council freezes funds stolen from Kelp DAO. not everyone says it was the right thing to do.

Understanding the Context

The Kelp DAO hack has shaken the crypto industry. Arbitrum takes back $71m from Kelp DAO hacker: ‘We did not make this decision lightly’ KelpDAO hacker moves $175M after Arbitrum froze $71M linked to a $292M exploit. Another $100M+ crypto hack by December 31 at 100% YES. Arbitrum froze $71M worth of ETH, clawing back 25% of the losses from KelpDAO on its native chain.

Key Insights

Blockonomi: Arbitrum Security Council Seizes $71M in ETH Following Kelp DAO Security Breach Arbitrum's Security Council froze $71M in ETH connected to the Kelp DAO exploit, securing about 25% of the $292M stolen in the Saturday attack. Arbitrum Security Council Seizes $71M in ETH Following Kelp DAO Security Breach Layer 2 solutions like Arbitrum aim to solve the Ethereum network’s scaling problem; But what is ARB all about and how does it do this? Decide on the best Arbitrum wallet for your ARB. Explore hot vs cold storage and see why the Ledger Wallet app offers the most secure way to manage your crypto with a hardware device.