Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor

May 7, 2026 - 20:45
Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor
A joint proposal to release the roughly $71 million in Ether frozen after the Kelp DAO exploit is set to pass later on Thursday, moving a cross-protocol recovery effort closer to restoring part of rsETH’s backing. Over 90.5% of the tokens were cast in favor of the motion, representing 173.9 million Arbitrum (ARB) tokens, while...

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