{"id":96709,"date":"2026-05-01T10:00:07","date_gmt":"2026-05-01T07:00:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96709"},"modified":"2026-05-01T10:05:15","modified_gmt":"2026-05-01T07:05:15","slug":"arbitrum-dao-to-vote-on-71-million-transfer-to-defi-united-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arbitrum-dao-to-vote-on-71-million-transfer-to-defi-united-fund\/","title":{"rendered":"Arbitrum DAO to Vote on $71 Million Transfer to DeFi United Fund"},"content":{"rendered":"

The governance of the L2<\/a> network Arbitrum<\/a> has initiated a vote<\/a> on transferring 30,766 ETH (~$71 million) to the DeFi United<\/a> fund, established to aid the sector’s recovery following the Kelp hack<\/a>.\u00a0<\/p>\n

The project’s security council had previously frozen<\/a> these assets at the hacker’s address and moved them to an “interim frozen wallet.”\u00a0<\/p>\n

The discussion will continue until May 7. At the time of publication, the community had cast 34 million ARB in support of the proposal.<\/p>\n

\"image\"
Source: snapshot.org<\/a>.\u00a0<\/figcaption><\/figure>\n

The Arbitrum security council’s decision to freeze the perpetrator’s funds has divided the community. Some participants criticized the possibility of manual intervention in the network’s state, while others deemed the actions justified given the scale of the damage.<\/p>\n

Largest Contribution to DeFi United<\/h2>\n

As of May 1, DeFi United had raised over $314 million\u2014enough to fully cover the $290 million damage from the Kelp hack.\u00a0<\/p>\n

\"image\"
Source: defiunited.world<\/a>.\u00a0<\/figcaption><\/figure>\n

If the vote concludes with approval, the Arbitrum DAO<\/a> will become the largest donor to the initiative. For comparison:\u00a0<\/p>\n