Arbitrum freezing $71M net worth | TradeSphere
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? 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. Solana connects to other networks primarily through bridges.
Understanding the Context
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 Arbitrum Security Council freezes $71M in ETH from the Kelp DAO hack, handing final fund recovery decisions to ARB token holders. Crypto Briefing: KelpDAO hacker moves $175M after Arbitrum freezes $71M linked to $292M exploit KelpDAO hacker moves $175M after Arbitrum froze $71M linked to a $292M exploit. Another $100M+ crypto hack by December 31 at 100% YES.
Image Gallery
Key Insights
KelpDAO hacker moves $175M after Arbitrum freezes $71M linked to $292M 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 Invezz: Arbitrum freezes $71M ETH in Kelp DAO hack as DeFi fallout grows Arbitrum has frozen over $71 million in ETH tied to the Kelp DAO exploit in a bid to mitigate losses. According to a Tuesday update shared by Arbitrum, the network’s Security Council seized 30,766 ETH ... Arbitrum freezes $71M ETH in Kelp DAO hack as DeFi fallout grows 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.
Related Articles You Might Like:
I tried combining net worth byron buxton net worth US government ramps up mass surveillance with help of AI tech, data brokers – and your apps and devicesFinal Thoughts
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: