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Arbitrum(ARB) Emergency Rescue After Kelp DAO Hack
Unlocking $71 Million USD ETH: The Arbitrum (Arbitrum DAO) governance council has just voted and decided to unlock approximately 30,766 ETH (worth around $71 million USD).
Cause: This urgent action is a direct intervention following a serious vulnerability exploit that caused $290 million USD in damages targeting Kelp DAO (reports suggest this was an attack by North Korean hacker groups).
Purpose: The funds will be transferred to the DeFi Recovery Fund (DeFi United Recovery Fund) to minimize user losses, remediate the aftermath, and stabilize the decentralized finance (DeFi) ecosystem on the network.