Arbitrum Freezes $70 Million in ETH Linked to KelpDAO Exploit in Emergency Security Move

Arbitrum Freezes $70 Million in ETH Linked to KelpDAO Exploit in Emergency Security Move

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Arbitrum said its Security Council initiated an emergency intervention to secure funds linked to the recent KelpDAO exploit after identifying 30,766 ETH held on Arbitrum One in an address tied to the attacker. User activity remained unaffected during the process. The council stated it had coordinated with law enforcement regarding the exploiter’s identity and that the action was carried out with a focus on preserving network integrity. After conducting technical analysis and internal deliberations, Arbitrum’s council implemented a method to isolate and transfer the funds without affecting any other chain state

Source: https://cryptopotato.com/arbitrum-freezes-70-million-in-eth-linked-to-kelpdao-exploit-in-emergency-security-move/