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Arbitrum has just urgently frozen 30,766 ETH ($71M) held on Arbitrum One in connection with the Kelp DAO #5PC hack.
While AAVE, LayerZero, and Kelp DAO blamed each other, Arbitrum froze the hackers' funds.
This ETH was transferred to a locked intermediary wallet. The hacker has now lost access, and only the Arbitrum governance community can decide where this money goes.
Arbitrum stated that they have coordinated with law enforcement and identified the hacker. They have also conducted a thorough review to ensure that no other users or applications on the chain have been affected.
The hacker still holds 75,700 ETH ($175M) after this freeze.
Arbitrum
@arbitrum
04-21
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times,
Will Arbitrum return it to the affected party, or should we just go all in, bros?
♥️ Let's go all in, it's 71 million bucks after all
🔁 Arbitrum Liem - return it to Aave
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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