Arbitrum DAO is voting to release 30,766 ETH (about $70M) that was previously frozen after the KelpDAO hack. The money was secured by the Security Council and now needs public approval to be resubmitted. If the request passes, the ETH will be sent to DeFi United, a partnership to restore support for rsETH. The vote is still open until May 7, and approval would make Arbitrum one of the biggest contributors to the restoration.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our team of expert researchers and journalists, following strict Editorial guidelines based on EEAT (Effectiveness, Expertise, Validity, Trustworthiness). Each article is checked against the standard to ensure accuracy, transparency, and reliability. Our review policy ensures an unbiased review when we develop exchanges, platforms, or tools. We strive to provide timely updates on all aspects of crypto & blockchain, from startups to industry executives.
Investment Disclaimer:
All opinions and information shared represent the author’s opinion on market conditions. Please do your own research before making any financial decisions. Neither the author nor the publisher is responsible for your financial decisions.
Offers and Promotions:
Sponsored content and affiliate links can be viewed on our website. Advertisements are clearly identifiable, and our content is not independent of our advertisers.
