The Arbitrum Security Council has successfully frozen 30,766 ETH linked to a vulnerability in KelpDAO, as announced on April 21. The emergency action, conducted with law enforcement assistance, ensured that no Arbitrum users or applications were affected. Following a thorough investigation, the council executed a technical solution to transfer the funds to a secure location, maintaining the integrity of the Arbitrum network. As of April 20, 11:26 PM Eastern Time, the funds were moved to an intermediate frozen wallet, preventing access from the original address. Future transfers of these funds will be managed by Arbitrum governance authorities in coordination with relevant parties, ensuring continued security and oversight.
Arbitrum Security Council Secures 30,766 ETH from KelpDAO Exploit
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