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Proposal to unfreeze $71M in Kelp DAO funds passes

May 08, 2026, 3:26 AM
A joint proposal to unfreeze approximately $71 million in ETH, frozen by the Arbitrum Security Council following a Kelp DAO exploit, has been approved. The move is expected to accelerate the recovery of rsETH collateral. The proposal was jointly submitted by Aave Labs, Kelp DAO, and LayerZero.

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