Ethereum Layer 2 Arbitrum said that its Security Coucil has taken emergency action to freeze approximately 30,766 ETH, worth over $71 million, tied to this weekend's KelpDAO exploit.
Arbitrum announced on X late Monday night that it acted with input from law enforcement, which had provided information about the exploiter's identity. After what it described as significant technical diligence, the L2 said it executed an approach that moved funds without affecting any other chain state or Arbitrum users.
As of April 20 at 11:26pm ET, the funds were successfully transferred to an intermediary frozen wallet, where they can only be moved by further action from Arbitrum governance, per Arbitrum’s X post.
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