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Arbitrum DAO's governance vote on handling 30.766 ETH (worth over 70 million USD) frozen from a hacker's wallet is approaching the deadline (expected on May 7 or May 8 depending on the time zone).
As of May 6, this proposal still records absolute consensus with 100% "Yes" votes from the community.
If approved, this asset will be transferred into a multi-signature wallet (multi-sig) jointly managed by 4 parties: Aave Labs, Kelp DAO, EtherFi, and Certora. This aims to ensure the funds are used transparently and exclusively for the restitution efforts under the "DeFi United" campaign.
In the context of legal tensions and governance pressure from the aftermath of the Kelp DAO hack, Arbitrum DAO has officially announced the results of the Security Council election.
Six new members have been elected to this 12-person council, including prominent figures and organizations in the industry such as: representatives from the Ethereum Foundation (yoav.eth), the security company Certora, co-founder of L2BEAT (bartek.eth), a former Offchain Labs engineer (DZack23), and a director from Turnkey (Michael Lewellen).
This personnel change is highly significant, especially as the old Security Council recently underwent an unprecedented urgent decision: directly intervening and freezing over 70 million USD of the hacker at the end of April.