According to PeckShield monitoring, the hacker of Kelp DAO transferred 30,765 ETH (worth approximately $70.92 million) to a special address starting with 0x00000. It is widely believed in the industry that this may have been a destruction (burn) operation.



But the story took a sudden turn the next day. Arbitrum’s official post on X said that the Security Council, using technical means, transferred these funds to a controlled secure address and froze them. In other words, the attacker can no longer move this money, and the next steps can only be handled through Arbitrum’s governance mechanism.

In addition, on-chain data shows that this attacker still holds approximately 75,700 ETH (worth about $175 million) on the Ethereum mainnet. That means that most of the stolen funds are still not within the scope of control.

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