Arbitrum
Why Arbitrum is down 1.0% in the last hour
Analysis
Arbitrum (ARB) slipped about 1.0% over the past hour as traders reacted to security-related headlines around the ecosystem. The Block reported that the Arbitrum DAO has started a vote to release 30,766 frozen ETH to DeFi United following the Kelp DAO attack, a development that can weigh on sentiment due to ongoing exploit and fund-recovery uncertainty.
Contributing Factors (1)
Arbitrum DAO starts vote to release 30,766 frozen ETH to DeFi United, following Kelp DAO attack
The Arbitrum Security Council froze 30,766 ETH that the Kelp DAO attacker had moved to an Arbitrum One address.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.