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

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. Arbitrum Security Council Steps In The council stated it had coordinated with law enforcement regarding the exploiter’s identity and that the action w…