@itamarl They donβt seem to care about normal users. A decentralized ecosystem should have support mechanisms where even small stolen funds can be recovered, not just protections for large players.
DeFi just rugged DPRK of $70M.
This was surely an insane undertaking by a massive amt of people.
I want to say thank you to EVERYONE who played a role. Including those who pushed back.
Great things rise from tension, from the hard moments.
This is DeFi.
DeFi fucking wins.π«‘
DeFi just rugged DPRK of $70M.
This was surely an insane undertaking by a massive amt of people.
I want to say thank you to EVERYONE who played a role. Including those who pushed back.
Great things rise from tension, from the hard moments.
This is DeFi.
DeFi fucking wins.π«‘
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiterβs identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications.
After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users.
As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.