ArbitrumDAO Sends ARB Price Soaring With New Security Council Election
WikiBit 2026-05-05 21:55
ArbitrumDAO has elected six new members to its 12-person Security Council. The vote ran from April 12 through May 3. The result reshapes the body that
The new cohort inherits an unfinished file. Weeks before the vote closed, the outgoing council froze 30,766 ETH tied to the KelpDAO exploit. The emergency action highlighted the bodys real-world powers.
A US court has since blocked movement of the frozen stash while victims pursue claims, leaving recovery in legal limbo.
The seated members will also weigh ongoing treasury decisions tied to ARB allocations across the DAO.
Once members take their seats after May 21, the council inherits the pending file. New threats to the Layer 2 (L2) will land in their inbox too.
Continued legal pressure on the KelpDAO funds will be the first major test of the incoming signers.
The post ArbitrumDAO Sends ARB Price Soaring With New Security Council Election appeared first on BeInCrypto.
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