KelpDAO: Actively Advancing Recovery Solutions and Prioritizing User Interests

BlockBeats News, April 23rd - According to official sources, KelpDAO has stated that over the past few days, the team has been actively working on addressing the situation with the support of partners, allies, and the community. The discussions are currently moving in a positive direction, and efforts are being accelerated to reach a suitable solution. The project team has emphasized their commitment to the core principle of "users first," and future measures will also be implemented to gradually safeguard the overall user interests.

Over the past four days, the Kelp team has been working around the clock, engaging with various parties, and making substantial progress on multiple potential solutions. This includes actions by the Arbitrum Security Council to freeze the stolen funds and SEAL 911 providing initial investigative support to offer an objective and clear analysis of the situation.

Kelp has stated that the current focus of their work remains on protecting user asset security and strengthening the protocol itself. This incident is not only crucial for the project but also holds valuable lessons for the entire industry. The team will continue to disclose further developments through official channels and express gratitude for the ongoing support of ecosystem partners and the community.

Earlier reports indicated that the KelpDAO hacker has successfully converted approximately $175 million worth of ETH into BTC.