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Arbitrum Freezes $71M in ETH Amid KelpDAO Exploit Fallout

Guavy AI Editorial Team
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Arbitrum's security council has taken drastic measures by freezing $71 million worth of Ethereum (ETH) in response to the recent KelpDAO exploit.

This decision indicates a serious concern for the security of decentralized finance (DeFi) platforms, which have been increasingly targeted by hackers.

The freeze is linked to the KelpDAO hack, which compromised user funds. The move aims to protect investors and users from further losses.

PeckShield's report has sparked a significant reaction in the market, highlighting the ongoing risks associated with DeFi projects.

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