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Arbitrum Security Council Freezes $70M ETH from Kelp DAO Exploiter in Emergency Onchain Action

Arbitrum Security Council Freezes $70M ETH from Kelp DAO Exploiter in Emergency Onchain Action

| JUAN MENDE |
Emergency freeze: Arbitrum Security Council transferred 30,766 ETH (~$70 million) from the exploiter’s wallet on Arbitrum One to a protocol-controlled address (0x…0DA0) before the native bridge withdrawal finalized. Timing: The action followed PeckShield’s alert on the withdrawal initiation and was confirmed by Lookonchain roughly 20 minutes after execution on April 21, 2026. Context: The move addresses funds traced to the April 18 K…
Arbitrum Security Council Freezes $70M ETH from Kelp DAO Exploiter in Emergency Onchain Action

Arbitrum Security Council Freezes $70M ETH from Kelp DAO Exploiter in Emergency Onchain Action

Emergency freeze: Arbitrum Security Council transferred 30,766 ETH (~$70 million) from the exploiter’s wallet on Arbitrum One to a protocol-controlled address (0x…0DA0) before the native bridge withdrawa…

LayerZero attributes $290 million Kelp DAO exploit to Lazarus Group via RPC compromise

LayerZero clarified that the $290 million exploit of Kelp DAO’s rsETH bridge resulted from external security configurations rather than a flaw in the LayerZero protocol. The attack is being attributed to the N…
Bitcoin’s Fourth Halving Cycle Dramatically Underperforming Prior Ones

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RaveDAO’s RAVE token plunges 90% as Binance and Bitget launch manipulation probes

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An attacker drained 116,500 rsETH ($292 million) from the Kelp DAO LayerZero bridge, using the unbacked tokens as collateral to borrow WETH on Aave. Aave is currently grappling with approximately $280 million in bad debt as the fraudulent rsETH collateral is effectively worthless and unliquidatable. The protocol’s ETH pool utilization reached 100%, temporarily preventing further withdrawals and sparking over $5.4 billion in total outflows. T…
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MicroStrategy Returns to Profit as Bitcoin Rebound Erases Unrealized Losses

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