ETH news: Arbitrum freezes $71 million in ether tied to Kelp DAO exploit

ETH news: Arbitrum freezes $71 million in ether tied to Kelp DAO exploit

The layer-2 network's security council moved 30,766 ETH to a frozen intermediary wallet, accessible only via further governance action.

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 was carried out with a focus on pres…

Kelp DAO exploit fallout deepens as attacker routes $175M in ETH via privacy rails

The entity behind the roughly $290 million Kelp DAO breach has started moving large volumes of Ether into fresh wallet addresses, in what appears to be the early stages of obfuscating the stolen funds after the exploit. Data from Arkham…

Arbitrum Security Council Freezes $71.5M in Ethereum linked to $292M KelpDAO Exploit

Arbitrum's emergency response to the KelpDAO exploit has sparked praise and criticism over the network's ability to freeze stolen assets. In brief The …

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.