A major governance decision just passed in the Arbitrum ecosystem involving the release of ~30,765 ETH (≈$71M) that had been frozen after the Kelp DAO exploit.

The vote saw over 90.5% approval from participating ARB holders, with funds set to be transferred into a multi-signature Gnosis Safe controlled by Aave Labs, Kelp DAO, Certora, and EtherFi.

However, the situation is still complex,

legal filings in the U.S. claim possible links to Lazarus Group

recovery of rsETH remains incomplete with a large shortfall

multiple protocols are contributing ETH to help stabilize backing

disputes remain over the technical cause of the exploit

This highlights how DAO governance today is no longer just about proposals it directly affects capital movement, risk management, and cross-protocol coordination.

For traders watching ETH ecosystem developments, events like this often influence broader sentiment and liquidity flow across markets, including exchanges like BingX.

#Arbitrum #ETH #BingX

$ETH