Bearish
Arbitrum freezes $71 million in ETH linked to Kelp DAO exploit
The Arbitrum Security Council has frozen 30,766 ETH, approximately $71 million, associated with the Kelp DAO exploit. This action aims to prevent the stolen funds from being moved without further governance approval.
Key points
- Arbitrum freezes $71 million in ETH: The Arbitrum Security Council has frozen 30,766 ETH, worth about $71 million, held in an address on Arbitrum One linked to the $292 million Kelp DAO exploit over the weekend.
- Aave, Kelp, and LayerZero request fund release: Aave Labs, Kelp DAO, and LayerZero have filed a proposal seeking the release of the frozen ETH to support the recovery of rsETH.
- Robinhood Chain's revenue boosts Arbitrum's ecosystem: Robinhood Chain's Ethereum layer-2 network generated a record $1.92 million in 24-hour revenue, outpacing all other blockchains and sending Arbitrum's ARB token up roughly 30%.
- ArbitrumDAO's half-year income reaches $6.19 million: ArbitrumDAO reported a total income of $6.19 million for the first half of 2026, with a significant portion coming from external chains built on Arbitrum's technology.
Sources
- Arbitrum freezes $71 million worth of ETH stolen in Kelp DAO exploitThe Block · April 21, 2026
- Aave, Kelp, LayerZero ask Arbitrum DAO to release $71 million in frozen ETH to rsETH recovery effortThe Block · April 25, 2026
- Robinhood's New Crypto Network Sends Arbitrum Token Surging 30%TradeBytes · September 1, 2026
- ArbitrumDAO 上半年收入達619萬美元WEEX加密貨幣新聞 · September 2, 2026
AI-generated from public news sources. Not financial advice.
