Arbitrum Security Council has frozen $71.5 million worth of Ethereum related to the KelpDAO vulnerability. The response was quick, but controversy will follow. The market will see it as a stop-loss action on one hand, and on the other hand, will continue to ask: does this emergency response truly protect users, or does it expose the centralization of on-chain governance? For the $ETH ecosystem, in the short term, this is considered risk mitigation, and $ARB will also continue to be used to amplify this discussion. $ETH $ARB


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