Arbitrum DAO Kelp Hacker Uses His ETH to Vote for DeFi United
Arbitrum DAO is voting to release the 30.766 ETH transferred by Kelp DAO‘s major attacker to the Arbitrum One address to the DeFi United initiative. The vote received strong yes support with 16.9 million ARB tokens in the first hour; no no votes yet, and the process will continue until May 7. This step aims to redirect the attacker’s frozen funds to rescue the DeFi ecosystem. The Security Council‘s quick intervention reflects the community’s urgent response. Suspicion that the attacker is from the North Korea-linked Lazarus Group makes the incident even more critical. Arbitrum Security Councils Quick ETH Locking Move On April 20, the Arbitrum Security Council locked approximately $71.1 million worth of ETH to limit the attack; the funds had been moved to the 0x0000000000000000000000000000000000000DA0 address and required DAO approval for release. The Council stated that it acted under the direction of law enforcement and protected the ecosystems integrity without affecting Arbitrum users. The Councils use of emergency powers with approval from 9 out of 12 members ignited centralization debates; some criticized it, while others defended the ecosystem mandate. Technical Details of the Kelp DAO Attack and Cross-Chain Exploit Days before the attack, hackers withdrew 18% of the protocol‘s rsETH, amounting to $292