Arbitrum freezes 30,766 ETH in emergency response to KelpDAO exploit
Crypto Briefing
The Arbitrum Security Council successfully froze $71 million in stolen ETH following the major KelpDAO exploit.Summary
The Arbitrum Security Council has executed an emergency freeze on 30,766 ETH, valued at approximately $71 million, linked to a recent exploit of the liquid restaking protocol KelpDAO. Acting in coordination with law enforcement, the Council moved the assets to a secure intermediary wallet to prevent further illicit activity. This action follows the April 18 breach of KelpDAO, which saw $292 million drained due to a vulnerability in LayerZero's cross-chain messaging system, leading to significant liquidity crises across major DeFi platforms like Aave.
(Source：Crypto Briefing)