Arbitrum Freezes $71M ETH Linked to Kelp Hack, Sparks Decentralization Debate

Arbitrum, the layer-2 blockchain of Ethereum, froze over 30,000 Ether, or over $71.2 million, in a wallet linked to the recent Kelp protocol exploit on Monday. On Monday, Arbitrum said that a 12-member security committee chosen by the Arbitrum community had taken “emergency action” to seize 30,766 Ether from a wallet linked to the