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Arbitrum Security Council Freezes 30,766 ETH From KelpDAO Exploit, 9 of 12 Members Vote in Favor
Arbitrum froze 30,766 ETH from the KelpDAO hack, worked with law enforcement, and recovered about a quarter of assets, while locking funds pending governance amid decentralization versus security debates.
Abstract: This article reports that the Arbitrum Security Council froze 30,766 ETH (about $70 million) tied to the KelpDAO exploit, with nine of twelve votes, and moved funds to a secure wallet in coordination with law enforcement. The operation targeted only affected assets to minimize network disruption. The exploiter is suspected to be DPRK-associated. The breach began April 18 via a LayerZero-powered bridge, draining 116,500 rsETH (~$292 million). About a quarter of stolen assets have been recovered. The frozen funds will remain locked until governance and legal authorities decide the next steps, prompting debate over decentralization versus security.
GateNews34m ago
Tether Mints 1 Billion USDT on Ethereum
Gate News message, April 21 — According to Onchain Lens, Tether minted 1 billion USDT on Ethereum eight minutes ago.
GateNews39m ago
OCBC Launches GOLDX Tokenized Gold Fund on Ethereum and Solana
OCBC launches GOLDX, a tokenized physical gold fund on Ethereum and Solana with Lion Global Investors and DigiFT, targeting institutions and Web3 participants; tokenized RWAs reach $29B on chains.
OCBC, with Lion Global Investors and DigiFT, introduced GOLDX, a tokenized version of the LionGlobal Singapore Physical Gold Fund on Ethereum and Solana. The product targets institutional investors and high‑net‑worth individuals, allowing purchases with stablecoins or fiat and delivery to blockchain wallets, providing on‑chain exposure to about $525 million in gold assets. OCBC views GOLDX as a milestone linking traditional finance with the decentralized finance ecosystem to attract Web3 participants. The broader context shows rapid growth in tokenized real‑world assets, with RWAs on public blockchains exceeding $29 billion by mid‑April 2026, while gold prices traded in a tight range around $4,775–$4,831 per ounce.
GateNews44m ago
Bitmine bought 101627 ETH last week! Tom Lee: Crypto winter is nearing its end
Bitmine Immersion Technologies (BMNR) announced on April 20 that it purchased 101,627 Ethereum (ETH) last week, the largest week-over-week purchase since 2026, bringing its total ETH holdings to 4,976,000. Bitmine chairman Tom Lee said publicly that the crypto winter is closer to ending than the market expects.
MarketWhisper3h ago
Arbitrum emergency freezes KelpDAO hacker’s 30,766 ETH
Arbitrum’s Security Committee announced on April 21 that it has taken emergency action to freeze 30,766 ETH on the Arbitrum One chain related to the KelpDAO hacker attack. With assistance from law enforcement agencies, the Security Committee confirmed the attacker’s identity and devised a technical plan to transfer the funds to an interim freeze wallet without affecting any other chain state or Arbitrum users.
MarketWhisper3h ago
4-Week-Old Wallet Withdraws 80,000 ETH Worth $184.7M from Centralized Exchange
Gate News message, a wallet created four weeks ago has withdrawn 80,000 ETH valued at $184.7 million from a centralized exchange. The wallet address is 0x32E11a20337ebC79Abd0EEab2d91BAFBd9591149.
GateNews4h ago