Arbitrum Security Council froze 30,766 ETH (about $71 million) that were held at an address on Arbitrum One tied to a KelpDAO exploit.

What happened

The funds were moved from the compromised address to an intermediary wallet that has been placed under freeze and restricted from any outgoing transfers.

• 30,766 ETH were identified at an address on Arbitrum One associated with the exploit.
• The identified assets were transferred into a designated frozen wallet to prevent further dissipation.
• The exploiter currently has no access to the frozen holdings and cannot move them independently.

Next steps

Any future movement of the frozen assets will require actions through Arbitrum governance and will be coordinated with relevant stakeholders and affected parties.

Authorities and project representatives are expected to be involved in discussions about the disposition of the funds and any recovery measures.