Arbitrum freezing $71M in ETH tied to Kelp DAO is a reminder that “decentralized” doesn’t always mean unstoppable | TradeSphere
Yahoo Finance: Arbitrum Freezes $71M in ETH Linked to Kelp DAO Exploit Arbitrum froze $71M worth of ETH, clawing back 25% of the losses from KelpDAO on its native chain. Cointelegraph on MSN: Arbitrum freezes $71M of Ether connected to Kelp exploit 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 Arbitrum Security Council freezes $71M in ETH from the Kelp DAO hack, handing final fund recovery decisions to ARB token holders.
Understanding the Context
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 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? Future-Ready Interoperability: Whether you are on Ethereum, Polygon, Base, Optimism, BNB Chain, or Arbitrum, OKX DEX’s X-Routing technology intelligently splits and routes your trades to achieve the best possible rates across the EVM ecosystem. How to Swap using OKX DEX Getting started is simple and integrated into your existing workflow: Web3 users access different ecosystems for various reasons—be it participating in Solana’s memecoin culture, gaming on-chain with Arbitrum, or diving into the future of finance by exploring DeFi opportunities across Ethereum, Polygon, or Aptos and beyond. Major bridges, such as Polygon’s PoS Bridge and Arbitrum’s bridge, facilitate asset and token transfer between Ethereum and scaling solutions, further enabling cross-chain compatibility.
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Key Insights
Solana connects to other networks primarily through bridges. The Arbitrum Security Council has frozen $71 million in ETH directly traceable to the Kelp DAO exploit, with the council’s published statement confirming that the frozen funds cannot be moved without ...