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⚪️ Arbitrum freezes $71 million worth of ETH stolen in Kelp DAO exploit
The Arbitrum Security Council has frozen 30,766 ETH, worth about $71.1 million, held in an address on Arbitrum One linked to the $292 million Kelp DAO exploit over the weekend.
In a Tuesday post on X, Arbitrum said the security council has moved the funds to an intermediary frozen wallet, adding that the action did not affect other chain state and Arbitrum users.
The funds will remain frozen unless further action is approved through Arbitrum governance, the team said.
"The Security Council acted with input from law enforce