The Arbitrum Security Council executed an emergency action on April 21, 2026, transferring approximately 30,766 $ETH (valued at around $71 million at the time) from an address linked to the KelpDAO exploit to a designated intermediary frozen wallet on Arbitrum One.
This move was confirmed through the on-chain transaction (hash starting with 0x56180442...) and an official announcement from Arbitrum.
The funds, previously held by the identified exploiter address, are now immobilized and can only be accessed or moved through subsequent governance processes.
This intervention was coordinated with input from law enforcement and did not affect other users or applications on the network.
Multiple independent reports from credible #crypto news outlets corroborate the details, aligning precisely with the transaction data and the post’s description
What do you think? Will thisaffectvthe decentralization of web3 ?