Arbitrum freezing $71M what happened | TradeSphere
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. Arbitrum froze $71M worth of ETH, clawing back 25% of the losses from KelpDAO on its native chain. 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?
Understanding the Context
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. 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.
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Key Insights
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. Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000 Ether worth about $71.2 million held in a wallet connected to the recent exploit of the Kelp protocol. Arbitrum said on Monday ... Cryptopolitan on MSN: Arbitrum halts ETH transfers to contain fallout from KelpDAO hack Cybernews: Crypto firms trade blame after biggest heist of 2026, $71M frozen Tech firms, Kelp DAO and LayerZero, are now trading blame after this year's biggest crypto hack of $292M, $71M now frozen ...