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Gold
One platform for global traditional assets
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Hot
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Quick staking, earn potential new tokens
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Gate for AI Agent
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10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
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Smartly choose from 40+ AI models, with 0% extra fees
Arbitrum Fund Freeze Revives Debate Over DeFi Emergency Powers
Arbitrum’s freeze of some funds tied to the $293 million Kelp DAO exploit revived debate over whether DeFi protocols should have emergency intervention powers. Circle also faced criticism after the $280 million Drift exploit because the company said USDC freezes require lawful process and legal compulsion. Industry executives said emergency controls may protect users, but only if the rules are transparent and set in advance.