Arbitrum freezes $71M ETH after Kelp exploit
Arbitrum Security Council has frozen 30,766 ETH worth around $71M linked with the Kelp DAO exploit.
These funds were moved to a governance controlled wallet, so the exploiter can not access them now.
This is a big move because total exploit was around $292M, so nearly one quarter funds are now frozen.
Arbitrum also said this action did not affect other users or apps on the network.
At the same time this is making more debate in the market.
Because governance-level freeze on user funds is rare and controversial in crypto.
Now traders and investors will watch if more stolen funds can also be frozen from other chains.
And this can also increase the dispute between Kelp and LayerZero about who takes responsibility for the hack.
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