this has always been possible on L2s like arbitrum, but governance layer able to move eth from one address to another is such a dizzy scene/reality lmao
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 exploiter’s 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.
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 exploiter’s 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.
my own two cents (without looking at charts) is, slow bleed moves like these, aren’t done until there’s a killer flush.
so easy on the lev, if anyone’s still playing.
i have changed my targets to like$54k and $1600 areas (yet to confirm any levels), or ugly wick levels.
did a little thing yesterday with $ARB, nice experiment. Arbitrum networks/RPCs going down completely fucked it, but yeah.
couple of people trusted and allowed me to make an attempt, thanks to @Smartecio.
Paystack is 10 years old! 💙🥳✨🍾
We're taking a big step forward into our second decade by creating a new parent company, The Stack Group.
@TheStackGroupHQ is a family of ventures building the technology to power African ambition.