Arbitrum just froze $80M from a crypto exploiter overnight. Here’s the full story: On April 18, KelpDAO was exploited attackers drained 30,766 ETH from the protocol and moved it to an address sitting on Arbitrum. Then something unusual happened Arbitrum’s Security Council stepped in coordinated with law enforcement identified the exploiter’s address and executed a technical move without touching any other user funds As of April 20, The funds are frozen sitting in an intermediary wallet. The exploiter can no longer access them and only Arbitrum governance can decide what happens next. Decentralization by is a great idea, until it’s your funds getting exploited. At that point, you want someone with the power to step in and act. Did Arbitrum made the right move?
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