#KelpDAOExploitFreeze
How the Freeze Happened
· The Action: The Council transferred the stolen ETH on Arbitrum One to a governance-controlled wallet, making it inaccessible to the hacker .
· The Reason: A 9-of-12 member vote was passed, citing the hacker’s identity (likely North Korea’s Lazarus Group) and input from law enforcement .
· The Status: Funds remain frozen unless ARB token holders vote to release them (e.g., for returns or legal proceedings) .