Arbitrum Freezes KelpDAO Hack Funds, Exposing Crypto’s Biggest Lie

Arbitrum has taken swift action to address the recent KelpDAO exploit. The Arbitrum Security Council has frozen approximately 30,766 ETH held in a wallet on Arbitrum One linked to the incident. This decision was made with guidance from law enforcement, considering the identity of the person responsible, and with the goal of protecting the Arbitrum community and its users without disrupting normal activity. The stolen funds have been moved to a secure, frozen wallet as an initial step.


