Arbitrum DAO is voting on releasing 30,800 ETH (approximately $71.1 million) to support DeFi United, a recovery plan following the Kelp DAO attack. The funds, originally assets transferred by the attacker, were frozen by the Arbitrum Security Council on April 20. As of now, 16.9 million ARB tokens have voted in favor of the proposal, with no opposing votes recorded. The vote will remain open until May 7.
Arbitrum DAO Votes to Release 30,800 ETH for DeFi United Post-Attack Support
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Summary
Arbitrum DAO is voting to release 30,800 ETH (approximately $71.1 million) to support DeFi United following a DeFi exploit. The funds were frozen on April 20 by the Arbitrum Security Council. The proposal has received 16.9 million ARB in support, with no opposition thus far. Voting concludes on May 7. This ETH development underscores a significant step in post-attack recovery efforts.
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