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News Explorer — Arbitrum Freezes $71 Million in Ethereum Tied to Kelp DAO Hack

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Apr 21, 9:55 am
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Arbitrum Freezes $71 Million in Ethereum Tied to Kelp DAO Hack

The Arbitrum Security Council froze 30,766 ETH worth $71.5 million connected to the KelpDAO exploit, moving the funds to an intermediary wallet. This emergency action was taken following law enforcement input about the exploiter's identity, making the funds inaccessible without further governance action.

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