Arbitrum DAO Begins Voting on Releasing Frozen Ethereum, 100% Approval Rate as of May 8

ARB0.46%
ETH-0.07%
AAVE0.28%

According to Foresight News, Arbitrum DAO has begun voting on releasing frozen Ethereum seized during the Kelp DAO hack. The proposal establishes a multisig address signed by Aave Labs, KelpDAO, Certora, and EtherFi to oversee recovery efforts after the frozen funds are released.

The proposal currently holds a 100% approval rate, with voting set to conclude on May 8 at 2:54 AM UTC+8.

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