Ripple CTO Emeritus David Schwartz has defended the Arbitrum Security Council's recent emergency intervention.
Nine out of 12 council members voted yes. That detail alone tells you how divided — and how serious — the conversation inside Arbitrum's security council got before the blockchain took its most dramatic action in recent memory.
Arbitrum's Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. At roughly $71 million, the move was large enough on its own.
A contentious intervention by Arbitrum's security council has reignited one of crypto's oldest debates - whether speed and safety can coexist with true decentralization - after a $292 million exploit sent shockwaves through the Ethereum restaking ecosystem and beyond.
Arbitrum's emergency response to the KelpDAO exploit has sparked praise and criticism over the network's ability to freeze stolen assets.
Crypto analyst Crypto Patel has predicted that the Ethereum layer-2 Arbitrum could record a 7,400%, providing a bullish outlook for the altcoin. He also revealed key levels for investors to keep an eye out for as the position for this potential rally.
ARB prints 57% rally from cycle lows as trendline breakout signals potential start of a new bull run.
Momentum slows across altcoins as ARB consolidates, with key levels shaping the next market move
ARB recovery builds as staking demand rises, but inflows and liquidity zones shape its next move.
Arbitrum (ARB) trades at $0.11 with neutral RSI at 61.89. Technical analysis suggests potential rally to $0.12-$0.14 range if key resistance breaks, though bears defend $0.20 SMA.
Arbitrum [ARB] surges to a two-month high of $0.12, amid speculative demand capital rotation.
Activity across the Arbitrum ecosystem is picking up pace, as trading volumes, institutional integrations, and new protocol launches begin to align.