Arbitrum

24h change: -0.75%. From $0.1261 to $0.1252.

• Arbitrum's Security Council froze 30,766 ETH valued at $71 million on Arbitrum One, connected to the $292 million Kelp DAO exploit from April 18. The action used multisig capabilities to immobilize attacker funds and prevent further laundering. This intervention underscores the balance between security and decentralization in layer-2 networks.
• Aave Labs and DeFi United coalition, including Kelp and LayerZero, filed a proposal for Arbitrum DAO to unfreeze the ETH and direct it to a relief fund. The $300 million effort aims to restore backing for 116,500 rsETH drained in the exploit. Aave founder indicated execution to start soon.

24h change: -4.52%. From $0.1324 to $0.1264.

• Arbitrum Security Council froze 30,766 ETH worth $71 million on Arbitrum One, tied to the $292 million Kelp DAO rsETH exploit using LayerZero. The action halted exploiter movements and supports recovery coordination. It raises questions about L2 multisig powers in emergencies.
• Aave announced DeFi United relief fund to restore rsETH backing hit by Kelp DAO exploit, with pledges exceeding $200 million including from Lido and . Coalition including Kelp and LayerZero requests Arbitrum DAO release frozen ETH to the fund. This marks collaborative DeFi response to systemic risk.

24h change: +2.88%. From $0.1287 to $0.1324.

• Arbitrum's Security Council froze 30,766 ETH worth about $71 million in an address linked to the $292 million rsETH exploit on Kelp DAO. The funds were moved to an intermediary wallet controlled by the council. This marks a significant on-chain recovery effort amid debates on decentralization and council authority.
• Aave service providers, Kelp DAO, LayerZero, , and Compound submitted a proposal to the Arbitrum DAO to release the frozen ETH into DeFi United. The effort aims to restore rsETH backing and remediate user impairments from the exploit. The proposal is open for community feedback.
• The Security Council's freeze of exploit-linked funds has raised questions about decentralization in crypto. Critics question the powers of the elected council during crises. The incident underscores tradeoffs between security and censorship resistance in DeFi.

24h change: +2.94%. From $0.1288 to $0.1326.

• Arbitrum's Security Council froze 30,766 ETH worth about $71 million in an address linked to the $292 million rsETH exploit on Kelp DAO. The funds were moved to an intermediary wallet controlled by the council. This marks a significant on-chain recovery effort amid debates on decentralization and council authority.
• Aave service providers, Kelp DAO, LayerZero, , and Compound submitted a proposal to the Arbitrum DAO to release the frozen ETH into DeFi United. The effort aims to restore rsETH backing and remediate user impairments from the exploit. The proposal is open for community feedback.
• The Security Council's freeze of exploit-linked funds has raised questions about decentralization in crypto. Critics question the powers of the elected council during crises. The incident underscores tradeoffs between security and censorship resistance in DeFi.

24h change: +1.94%. From $0.1278 to $0.1303.

• Arbitrum's Security Council froze 30,766 ETH worth about $71 million in an address linked to the $292 million rsETH exploit on Kelp DAO. The funds were moved to an intermediary wallet controlled by the council. This marks a significant on-chain recovery effort amid debates on decentralization and council authority.
• Aave service providers, Kelp DAO, LayerZero, , and Compound submitted a proposal to the Arbitrum DAO to release the frozen ETH into DeFi United. The effort aims to restore rsETH backing and remediate user impairments from the exploit. The proposal is open for community feedback.
• The Security Council's freeze of exploit-linked funds has raised questions about decentralization in crypto. Critics question the powers of the elected council during crises. The incident underscores tradeoffs between security and censorship resistance in DeFi.