The governance of the L2 network Arbitrum has initiated a vote to transfer 30,766 ETH (approximately $71 million) to the DeFi United fund, established to help recover the sector after the Kelp hack.
Previously, the project's security council froze these assets at the hacker's address and moved them to an "intermediate frozen wallet."
The discussion will last until May 7. At the time of publication, the community had cast 34 million ARB in support of the proposal.
Source: snapshot.org.The Arbitrum security council's decision to freeze the hacker's funds has divided the community. Some participants criticized the very possibility of manual intervention in the network's state, while others deemed the actions justified given the scale of the damage.
Largest Contribution to DeFi United
As of May 1, DeFi United has raised over $314 million, enough to fully cover the $290 million loss from the Kelp hack.
Source: defiunited.world.If the vote passes, the Arbitrum DAO will become the largest donor to the initiative. For comparison:
- ConsenSys and Joseph Lubin jointly contributed 30,000 ETH;
- Mantle provided a loan of 30,000 ETH;
- The Aave DAO is considering transferring 25,000 ETH, in addition to 5,000 ETH from protocol founder Stani Kulechov;
- LayerZero allocated 5,000 ETH and deposited another 5,000 ETH in Aave;
- Kelp contributed 2,000 ETH.
April was one of the most active months for hackers, with industry losses reaching $651 million, as noted by CertiK experts. This is the highest figure since March 2022, when the sector lost $715 million.
The primary damage came from two incidents: Drift lost $285 million at the beginning of the month, followed by the Kelp hack.
On April 30, the Wasabi protocol also fell victim to a hacker attack, with over $5 million stolen.