Arbitrum DAO is voting to release 30,766 ETH (around $70M) previously frozen after the KelpDAO hack. The funds were secured by the Security Council and now require community approval to be redeployed. If the proposal passes, the ETH will be sent to DeFi United, a joint recovery initiative working to restore rsETH backing. The vote remains open until May 7, and approval would make Arbitrum one of the largest contributors to the recovery effort.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin enters the third quarter still in a bear market, with technical analysis suggesting one…
The BTC price slipped below $58,500 today, extending losses and breaking through the closely watched…
Most crypto projects burn budget on services that look good in reports but don't generate…
Sometimes crypto markets behave like an impatient crowd at a concert. The stage is packed,…
Stablecoin wars were always going to arrive eventually. They just arrived wearing suits today. As…
XRP is holding the $1 level heading into July, but only just. The token is…
