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Arbitrum Freezes 30,766 ETH After KelpDAO Breach

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Sohrab Khawas

The Arbitrum Security Council has frozen 30,766 ETH, worth about $71 million, linked to the KelpDAO exploit on Arbitrum One. The funds were moved to a secure wallet requiring governance approval for release, with no impact on other users. The April 18 attack drained $292 million in rsETH through a compromised LayerZero bridge, reportedly tied to North Korea’s Lazarus Group. Meanwhile, Aave paused markets to review up to $230 million in potential bad debt.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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