Arbitrum DAO Cleared to Vote on $71M KelpDAO Recovery Transfer
A federal judge in Manhattan has modified a restraining order, clearing the way for Arbitrum DAO to hold a binding on-chain governance vote on transferring 30,765 ETH, worth roughly $71 million, to Aave LLC as part of a recovery plan for victims of the KelpDAO exploit. The decision removes an immediate procedural block on the […]
ArbitrumDAO Elects New Security Council as ARB Rallies
ArbitrumDAO has elected six new members to its 12-person Security Council, a governance update that immediately lifted market sentiment around ARB. The token rallied nearly 5% to $0.1193 after the results, as traders interpreted the vote as a strengthening of Arbitrum’s emergency-response capacity.