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Arbitrum Security Council Blocks KelpDAO Hacker From 30,766 ETH

Arbitrum’s Security Council has frozen 30,766 ETH on Arbitrum One tied to the current KelpDAO exploit.

The council stated that it acted after coordinating with legislation enforcement on the identification of the exploiter.

Arbitrum Council Moves Funds to a Wallet-Only Governance Can Unlock

BeInCrypto reported that attackers drained roughly 116,500 rsETH, price about $292 million, from KelpDAO on April 18. The attacker then provided the stolen rsETH as collateral on Aave V3 and borrowed a big quantity of WETH in opposition to it.

“KelpDAO seems to have had $280M+ stolen one hour in the past on Ethereum and Arbitrum. The assault addresses had been funded by way of Tornado Cash,” ZachXBT wrote on Telegram.

Now, the Arbitrum Security Council transferred the 30,766 ETH to an middleman frozen pockets shortly earlier than midnight ET on April 20, in accordance with the crew’s assertion. Thus, the unique handle holding the funds can not entry them.

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Only additional governance action can move the ETH from its new location. Arbitrum stated that the method can be coordinated with the related events.

“After important technical diligence and deliberation, the Security Council recognized and executed a technical method to maneuver funds to security with out affecting some other chain state or Arbitrum customers,” the crew said.

The Security Council is a 12-member physique elected by the Arbitrum DAO. It is liable for making time-sensitive selections and emergency measures to safeguard the DAO, its members, and the broader Arbitrum group. Today’s motion is a notable use of these emergency powers.

The KelpDAO hack marked the biggest Decentralized Finance (DeFi) exploit of 2026. LayerZero attributed the assault based mostly on preliminary evidence to North Korea’s Lazarus Group, most certainly its TraderTraitor subunit.

The put up Arbitrum Security Council Blocks KelpDAO Hacker From 30,766 ETH appeared first on BeInCrypto.

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