Summary
- Arbitrum said it had urgently frozen about 30,766 ETH linked to the KelpDAO exploit.
- Arbitrum's Security Council said it chose to move the affected assets to a separate wallet, with security and integrity of the network as its top priorities.
- The frozen funds can be moved only after a further decision by Arbitrum governance, with next steps to proceed in cooperation with relevant authorities.
Forecast Trend Report by Period
Arbitrum has taken emergency action to freeze funds tied to the KelpDAO exploit.
In a post on X on April 21, Arbitrum said its Security Council froze about 30,766 ETH held by an address linked to the KelpDAO exploit. The action followed cooperation with investigative authorities that partially identified the attacker.
The council said it made network security and integrity its top priorities while ensuring the move would not affect Arbitrum users or applications.
Following technical reviews and discussions, Arbitrum chose to transfer the assets to a separate wallet. The process was designed not to affect the chain's state or other users' assets.
As of 11:26 p.m. Eastern Time on April 20, or 12:26 p.m. Korea Standard Time on April 21, the funds had been transferred to an interim freeze wallet. The attacker's original address no longer has access to them.
The frozen funds can be moved only after a further decision by Arbitrum governance. Future steps will be carried out in cooperation with relevant authorities.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
