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

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

Arbitrum's Security Council has frozen $71.5 million in Ethereum linked to the $292 million KelpDAO exploit, marking a significant move in network security. The action, taken on April 21, 2026, has received mixed reactions, with some praising the council’s ability to recover stolen assets, while others raise concerns over decentralization and control within the network.

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