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Arbitrum Security Council Freezes $71.5 Million ETH Related to KelpDAO Theft Case

BroadChainBroadChainTime: 2026-04-21 20:00

BroadChain has learned that at 20:00 on April 21, according to Decrypt, the Arbitrum Security Council has taken emergency action to freeze 71,500 ETH (approximately $71.5 million) related to the KelpDAO vulnerability incident involving about $292 million. This measure aims to prevent further transfer of the stolen funds, but it has also sparked discussions within the community about the centralized governance capabilities of the Arbitrum network. Some voices have questioned the potential conflict between its "asset freezing" authority and the principles of decentralization.