The Arbitrum DAO has initiated a governance vote to release 30,766 ETH, valued at approximately $71.1 million, to aid the DeFi United recovery plan following the Kelp DAO attack. These funds were initially frozen by the Arbitrum Security Council on April 20 after being transferred to the Arbitrum network by the attacker. This proposal, if approved, will mark the largest funding allocation under the DeFi United initiative. Early voting shows strong support, with 16.9 million ARB tokens in favor and no opposition recorded. The voting process is set to conclude on May 7.
Arbitrum DAO Votes on Releasing 30,766 ETH for Kelp DAO Attack Recovery
Share to:
This content is for informational purposes only and does not constitute investment advice.
Recommended Reading
2026-05-01 05:53
Two U.S. Cybersecurity Professionals Sentenced for ALPHV BlackCat Ransomware Attacks
2026-05-01 05:51
Record Crypto Hacks in April Weigh on Ethereum Price Outlook
2026-05-01 05:21
US National Debt Exceeds GDP for First Time Since WWII
2026-05-01 05:20
AI Investments Drive 75% of U.S. GDP Growth in Q1
2026-05-01 05:17
Caroline D. Pham Refutes Claims of Banks Slowing Crypto Adoption
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.