Arbitrum freezes $71 million in ether tied to Kelp DAO exploit
Burns Brief
The layer-2 network's security council moved 30,766 ETH to a frozen intermediary wallet, accessible only via further governance action The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ETH $ARB for reaction — a decisive move above or below key levels will confirm the next trend.
The layer-2 network's security council moved 30,766 ETH to a frozen intermediary wallet, accessible only via further governance action.
Key Takeaways
- The layer-2 network's security council moved 30,766 ETH to a frozen intermediary wallet, accessible only via further governance action