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Arbitrum Freezes $71 Million in ETH After KelpDAO Exploit, Sparking Decentralization Debate
By Trader Edge at 2026-05-04 01:46
Sentiment: Negative
TLDR Arbitrum’s Security Council froze over 30,000 ETH (~$71M) linked to the KelpDAO exploit A small 12-member elected council used emergency powers to move funds into a locked wallet The move prevented stolen funds from being laundered but reignited debates about decentralization Critics argue the intervention sets a precedent for centralized control on “decentralized” networks [...] The post Arbitrum Freezes $71 Million in ETH After KelpDAO Exploit, Sparking Decentralization Debate appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis #News
Source Coin Central