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ETH news: Arbitrum freezes $71 million in ether tied to Kelp DAO exploit
17 Articles
17 Articles
Arbitrum freezes 30K ETH in KelpDAO hack as attacker routes funds to Bitcoin
Arbitrum froze 30,766 ETH before it could be bridged out. Attacker moved 75,701 ETH and began routing funds to Bitcoin. Over $176 million is being laundered through multiple parallel flows. Arbitrum has frozen a significant portion of funds linked to the KelpDAO exploit, even as the attacker moves to push the remaining assets beyond reach. The Arbitrum Security Council confirmed it froze 30,766 ETH, valued at over $70 million at the time of acti…
DeFi Hack Prompts Arbitrum Action While Justin Sun Highlights Tron Model
Summary: Arbitrum froze $71M in ETH via emergency powers after the KelpDAO exploit. $13B exited DeFi in 48 hours, exposing […] The post DeFi Hack Prompts Arbitrum Action While Justin Sun Highlights Tron Model appeared first on CoinsPress.
Justin Sun’s statement that Tron is the most decentralized blockchain came just as Arbitrum froze USD $71 million linked to Kelp DAO’s hack. The episode not only revived the debate about who actually controls crypto networks, but also left Aave and other DeFi protocols against potential billionaire losses. *** Justin Sun said Tron is the most decentralized blockchain in the world following Arbitrum’s intervention in the Kelp DAO case. Arbitrum f…
What to remember: The Security Council of Arbitrum has frozen 30,766 ETH ($71.1 million) related to the Kelp DAO hack. The funds have been transferred to a frozen intermediate portfolio without affecting the other users of Arbitrum. Kelp DAO's operation has caused the loss of 116,500 tokens rsETH for 292 million dollars on Saturday. Intervention of the Security Council after the hack Arbitrum announces that its Security Council has frozen in eme…
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