CRYPTO:ARBUSD

Arbit / Us Dollar Cryptocurrency News

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At Close: Jun 03, 2026
The attacker behind KelpDAO's nearly $300 million rsETH exploit is now laundering funds from Ethereum to Arbitrum and into Tron-based USDT.
David Schwartz defended Arbitrum's ETH freeze after the KelpDAO exploit by comparing it to Bitcoin's 2010 overflow rollback.
Ripple CTO Emeritus David Schwartz has defended the Arbitrum Security Council's recent emergency intervention.
Funds were stopped mid-escape
Nine out of 12 council members voted yes. That detail alone tells you how divided — and how serious — the conversation inside Arbitrum's security council got before the blockchain took its most dr
Arbitrum's Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance a
The Arbitrum Security Council froze 30,766 ETH worth $71.5 million linked to the KelpDAO exploit, after receiving law enforcement information about the attacker's identity. The frozen funds can only b
Arbitrum's Security Council froze exploiter-held ETH after coordinating with law enforcement.

Arbitrum Freezes ◊30,000 KelpDAO Hacked ETH

09:50am, Tuesday, 21'st Apr 2026
Arbitrum has frozen 30,766 ethereum ($71 million) stolen from KelpDAO's LayerZero-powered bridge on Saturday.
North Korea's Lazarus Group is preliminarily attributed with draining approximately $292 million in rsETH from KelpDAO on April 18, 2026. The state-backed hacking entity has been responsible for billi
Arbitrum Freezes $71M in ETH Tied to Kelp DAO Exploit
Wallets tied to the approximate $292 million Kelp DAO exploit have begun moving funds across chains following Arbitrum's ETH freeze.
A contentious intervention by Arbitrum's security council has reignited one of crypto's oldest debates - whether speed and safety can coexist with true decentralization - after a $292 million exploit
The attacker behind the $292 million KelpDAO exploit has begun laundering roughly 75,700 ETH, worth about $175 million, on Ethereum after the Arbitrum Security Council froze 30,766 ETH on Arbitrum One
Arbitrum's Security Council froze 30,766 ETH worth $71 million linked to the Kelp DAO exploit, recovering roughly a quarter of the $292 million stolen, pending a governance vote on the funds' fate.
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