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.

Why the Arbitrum Platform? To bring traditional markets into the programmable economy, @kaledora needed neutral infrastructure that lets businesses focus on growing products. That neutrality is why teams like @Ostium and others continue choosing the Arbitrum Platform.

Update on Arbitrum DAO proposal: On May 1, plaintiff-judgment creditors in an unrelated matter served a restraining notice on Arbitrum DAO targeting the ETH immobilized after the rsETH incident. A few days later, Aave LLC filed an emergency motion to vacate. On May 8, the court modified the restraining notice to permit an onchain Arbitrum vote and transfer of the immobilized ETH to Aave LLC. The restraining notice attaches to Aave LLC upon transfer. The amended Constitutional AIP preserves the recovery intent approved by Arbitrum DAO, and the ETH remains directed toward the rsETH recovery. Aave LLC will comply with all court obligations as proceedings continue.

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#PeckShieldAlert# The @KelpDAO exploiter bridged $ETH from #Ethereum# to #Arbitrum# via @AcrossProtocol, swapped for $USDT0, and subsequently routed funds to @trondao via @LayerZero_Core

Especially revoke approvals to these affected addresses: Ethereum: - 0x8ccb1ffd5c2aa6bd926473425dea4c8c15de60fd (V2) - 0x4f168f17923435c999f5c8565acab52c2218edf2 (V3) Arbitrum: - 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d (V3)

Aave LLC has filed an emergency motion to vacate a restraining notice served on Arbitrum DAO on May 1, 2026 that attempts to seize approximately $71 million in ETH belonging to victims of the April 18 exploit. A thief does not gain lawful ownership of stolen property simply by taking it, and the law is clear on this. Those assets were recovered to be returned to users victimized in the April 18, 2026 exploit. Freezing them harms the very people this recovery effort is designed to protect. We’ve asked the court for an expedited hearing and a temporary vacatur, and we are continuing to work alongside the Arbitrum community and DeFi United to make affected users whole.