Arbitrum (ARB)

$0.1269  -0.08%  24H

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  • Adrian Brink Dev Influencer A
     26.43K  @adrianbrink

    How many of the Arbitrum multisig signers are US tax payers? There is a pretty convincing argument that they control 1/12 of the Arbitrum entity and hence should include 1/12 of its value in their tax returns. It’s just an unincorporated partnership owned by 12 people!

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    Arbitrum 1/12 multisig holders should include the equivalent value on tax returns
  • Coin68 - Tin tức tiền điện tử mỗi ngày Media Influencer D
     64.46K  @coin68

    In an unprecedented move, Arbitrum intervened urgently and transferred the $71 million ETH from the hacked Kelp DAO to a wallet managed by the community, extending the debate after this historic DeFi attack. Details: https://t.co/uC8niH79zA https://t.co/TZKlcVU9NS

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    Arbitrum emergency intervention freezes and transfers the $71 million ETH stolen from Kelp DAO.
  • Kyle Chassé 🐸 OnChain_Analyst Influencer C
     290.93K  @Kylechasse

    🚨 DEFI JUST FOUGHT BACK Arbitrum just froze $71M from the Kelp DAO hacker. Around 30,766 ETH was locked within hours. After April’s $600M+ exploits, this shows DeFi can act, not just react. Governance is becoming a real defense layer. While others focus on losses, the infrastructure is getting stronger.

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    Arbitrum successfully frozen stolen funds, DeFi infrastructure strengthened.
  • Kantian FA_Analyst Tokenomics_Expert B
     5.03K  @kantianum

    Honestly, it doesn't shock me if funds can be frozen or addresses blacklisted through a social-based mechanism on a chain with a centralized sequencer like Arbitrum. If the majority of on-chain participants want a reasonable outcome, then why not allow it? Not saying that all chains should embrace this direction, but in the case of Arbitrum, or any other L2, their architecture is already pretty opinionated, so it's not like they'd go against their raison d'être. Small chains should build a proper onchain governance mechanism for this type of situation.

    Vini B |「 thecoding 」 Developer Community Lead B
     11.06K  @vinibarbosabr

    There is no point for crypto if funds in the native token can be frozen arbitrarily at the infrastructure level. Arbitrum just created a terrible precedent here that can now be used for political persecution and other nasty things that crypto and blockchain were created to solve.

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    Arbitrum's token freeze risk is extremely high; recommend watching or avoiding.
  • Campbell | bald arc Infl S
     5.13K  @MrCampbell

    Before you call Arbitrum centralized, remember that their security council has 12x more signers than the DVN that caused this.

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    Arbitrum's security council has far more signers than the controversial node, making it more decentralized.
  • CryptoTicker Media Educator D
     3.39K  @CryptotickerIo

    $ARB just proved Arbitrum can freeze ETH. The Security Council isolated 30,766 ETH tied to the KelpDAO exploit, about $71M, using emergency powers. The bigger trade is what this says about control on L2s. #Arbitrum

    CryptoTicker Media Educator D
     3.39K  @CryptotickerIo

    The exact timeline, the 9-of-12 council mechanics, and why this freeze reopens the decentralization debate. https://t.co/Xn9EbwVgDW

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    ARB shows it can freeze ETH, indicating centralization risk on L2
  • 🔸BΞRIT🔸 Media Influencer B
     11.99K  @Berit1p

    Arbitrum freezes hacker funds after Kelp DAO exploit Arbitrum froze 30,765 ETH (~$70M) linked to the Kelp DAO hacker using a special system-level transaction. What’s notable: ▪️ Funds were moved to a DAO-controlled address without the attacker’s private key ▪️ No chain rollback or block reorg blockchain history stayed intact ▪️ Instead, Arbitrum used a privileged transaction type within ArbOS to override state

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    Arbitrum freezes Kelp DAO stolen 30765 ETH, showing security intervention capability.
  • Eldar FA_Analyst DeFi_Expert A
     2.09K  @eldarcap
    Samyak Jain 🦇🔊🌊 D
     15.93K  @smykjain

    @letsgetonchain Imo Kelp should guarantee to cover all the losses above the funds already recovered by Arbitrum. Arbitrum took a huge risk, so Arbitrum should surely get higher preference here.

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    Recommend KELP to provide coverage for Arbitrum losses, considering its risk as a priority
  • SimpleFarmer Founder Derivatives_Expert B
     7.18K  @OxSimpleFarmer

    Appropriate that a centralized point of failure is mitigated by a centralized point of security I support the decision by @arbitrum The security counsel is composed of giga-brains

    Quit D
     99.65K  @0xQuit

    The $250M hole just closed to $174M. This is one case where I can forgive the obvious point of centralization.

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    Arbitrum security upgrade receives support, significantly reducing risk
  • Loopify 🧙‍♂️ Founder NFT_Expert C
     223.88K  @Loopify

    Arbitrum freezing DPRK funds is obviously the right move, because it’s *possible* to do and morally correct. However I don’t get why people are arguing over the words. It’s okay to say it’s not decentralised, or at least to the line we expect it to be.

    Loopify 🧙‍♂️ Founder NFT_Expert C
     223.88K  @Loopify

    I guess my question is more about the technicality, I don’t think what Ethereum done is the same as what’s here. https://t.co/aNdmgyudmM

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    Arbitrum can freeze DPRK assets, the author sees it as the right move.