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21 Apr 2026, 20:00
Arbitrum Freezes KelpDAO Hack Funds, Exposing Crypto’s Biggest Lie
Arbitrum’s Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. At roughly $71 million, the move was large enough on its own. What made it more consequential was the method: a crypto governance body stepping in directly to override the normal finality of chain-held funds. In its statement, Arbitrum said: “The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications.” The funds had been transferred to what Arbitrum described as an intermediary frozen wallet. On-chain intelligence firm Arkham confirmed the action via X: ”ARBITRUM RECOVERS $70.9M FROM KELPDAO EXPLOITER. The Arbitrum Security Council just removed $70.97M ETH from the KelpDAO Exploiter’s addresses. They sent it to the address 0x0000000000000000000000000000000000000DA0. North Korea stole the money and Arbitrum stole it back.” ARBITRUM RECOVERS $70.9M FROM KELPDAO EXPLOITER The Arbitrum Security Council just removed $70.97M ETH from the KelpDAO Exploiter’s addresses. They sent it to the address 0x0000000000000000000000000000000000000DA0 North Korea stole the money and Arbitrum stole it back. pic.twitter.com/4H2FbzyZss — Arkham (@arkham) April 21, 2026 The frozen ETH is just one part of a much larger incident, as NewsBTC reported. KelpDAO was exploited on April 18 for about $290 million. LayerZero describes the event as isolated to KelpDAO’s rsETH configuration and tied to a single-DVN setup rather than broader contagion across the protocol. In a separate statement, KelpDAO said the April 18 incident involved a forged cross-chain message and later thanked Arbitrum’s council, ecosystem stakeholders and SEAL 911 for helping coordinate the response. “We appreciate the recent decision by the Arbitrum Security Council to take action in response to the LayerZero-DVN/rsETH incident of April 18. Over the past two days, the KelpDAO team has worked closely and constructively with members of the security council We would like to particularly acknowledge the exceptional efforts of Security Alliance’s SEAL 911 among countless others, whose coordination, information structuring, and stakeholder engagement were instrumental in bringing clarity and urgency to this process,” KelpDAO via X. We appreciate the recent decision by the @arbitrum Security Council to take action in response to the LayerZero-DVN/rsETH incident of April 18. Over the past two days, the KelpDAO team has worked closely and constructively with members of the security council and broader… https://t.co/E7CHGbypPc — Kelp (@KelpDAO) April 21, 2026 Arbitrum Sparks Fresh Decentralization Debate That left the industry arguing over two different questions at once: whether the recovery was justified, and what it says about the systems involved. Griff Green, a member of Arbitrum’s Security Council, framed the decision as an extraordinary but necessary intervention. “We did not make this decision lightly, there were countless hours of debates, technical, practical, ethical and political,” he wrote. “But all it takes for evil to triumph is for good men to do nothing, so today, we decided to do something.” The comment carried extra weight because Arbitrum’s council is not an abstract mechanism; it is a 12-member committee elected by the DAO to handle critical risks and emergency decisions. Critics, though, saw the same event very differently. In one of the sharper reactions on X, commentator Deestar (@Deestar) argued that “while this is really great news, it’s a proof that almost nothing in crypto is truly decentralized.” so basically Arbitrum security council moved $71 million in ETH out of the hackers wallet desperate times shows the true nature of crypto space the security council that made this decision are just 12 people, likely in the same location while this is really great news it’s a… https://t.co/zkgFNCsU0o pic.twitter.com/zYizGovwwk — Deestar (@Deestar) April 21, 2026 He pushed the point further: “If your government comes after your money, only Bitcoin can save you.” That critique is more polemical than technical, but it goes straight to the fault line this episode exposed. A network can call itself decentralized, yet still retain a small, coordinated emergency body with the power to seize control of assets (when the stakes are high enough). At press time, Arbitrum (ARB) traded at $0.1266. Featured image created with DALL.E, chart from TradingView.com
21 Apr 2026, 19:05
Monero Price Soars 5% on Strong MoneroRun Community Audit
On April 21, Monero (XMR) price witnessed a spike of around 5% on a daily chart, helping its value to surge above $371 with a market capitalization of $6.84 billion. Amid the bullish sentiment in the crypto market, the demand for privacy coins is helping Monero to follow an upward trajectory. The spike comes after the MoneroRun 2026 public audit that took place on April 18, where large numbers of users withdrew their XMR from centralized exchanges and moved coins into self-custody wallets for a full day. On Tuesday, Monero (XMR) price, one of the leading privacy coins, gained bullish momentum after a spike of 5%, soaring its value to $371. At the time of writing, Monero XMR 8.01% is trading at around $370.68 with a market capitalization of around $6.84 billion and a daily trading volume of around $134.03 million, according to CoinMarketCap . MoneroRun 2026 Audit Triggers Short-Term Squeeze The spike on the price chart comes after the successful MoneroRun 2026 public audit that took place on April 18. Due to this, large numbers of users withdrew their XMR from centralized exchanges and moved coins into self-custody wallets for a full day. This process has created direct pressure on exchanges to maintain full reserves. When large withdrawals take place, exchanges start to accumulate XMR on the open market to cover the outflow. The same buying pressure repeated this year and created a short-term squeeze that increased the price quickly. According to TradingView’s price chart, XMR is following a higher high, higher low uptrend on the daily chart that started after facing a correction in March. The price is currently sitting inside a rising channel and recently bounced from the $351 support zone before climbing higher. The relative strength index on the 14-day timeframe is revolving around 75, suggesting that the cryptocurrency is currently in overbought level. The 10-period exponential moving average is sitting at around $351, which is working as a clear support. While the price trades comfortably above both the 50-period simple moving average, around $353, and the 200-period simple moving average, around $348. These moving avengers are also confirming the medium-term bullish momentum. There is an immediate resistance at around $378 to $380. If it breaks above $385, Monero could move toward the next liquidity zone at $400. In recent days, the demand for privacy coins, such as Zcash, has increased dramatically among investors. To capture this boom in the crypto market , the Monero ecosystem is making new upgrades to its privacy coins. Recently, developers have released the alpha version of FCMP++ in recent weeks to expand the anonymity of the set and improve scalability. Major progress on the Seraphis and Jamtis protocols moves forward with community audits planned for later this year. THORChain integration reached key milestones, allowing XMR to move across chains with enhanced privacy. The Monero Research Lab published new peer-reviewed papers on RandomX mining resistance and maintained steady GitHub activity that keeps the protocol secure and decentralized. The cryptocurrency market is showing strong bullish sentiment today, even after a volatile week. Bitcoin soared above $77,000 on April 18, reaching a high of $77,136 before facing a small correction and currently trading around $76,000. This rally in the biggest cryptocurrency has boosted overall market confidence and increased the overall crypto market capitalization. At the same time, the $293 million Kelp DAO hack over the weekend has damaged the decentralized finance sector. The exploit triggered a sharp drop of more than $13 billion in total value locked across DeFi platforms in just 48 hours. Also Read: TRON Price Tracks Uptrend as Justin Sun Fuels Decentralization Debate
21 Apr 2026, 19:02
Kelp DAO hack triggers $293 million DeFi loss
🚨 $293 million vanished in the Kelp DAO hack in April. Cascading losses hit lending platforms like Aave and slashed DeFi liquidity by $9 billion. Continue Reading: Kelp DAO hack triggers $293 million DeFi loss The post Kelp DAO hack triggers $293 million DeFi loss appeared first on COINTURK NEWS .
21 Apr 2026, 17:04
Kalshi plans to offer crypto trading through perpetuals - report
More on Bitcoin Bitcoin's Price Outlook: Bitcoin Shrugs Off Sluggishness And Targets Recent Highs. Is $80000 A Possibility? Whale's Insight: The Rebound Is Spreading Across Bitcoin, Altcoins, And Stocks Bitcoin's Price Outlook: Battles 75k Resistance As Bulls Eye Further Gains Strategy acquires 34K BTC using an ATM-funded $2.54B raise Hackers steal nearly $300M in biggest DeFi exploit of 2026
21 Apr 2026, 17:01
Charles Hoskinson Points to Cardano and Midnight as Fix for Cross-Chain Flaws Behind KelpDAO Hack
A cross-chain message forgery drained 116,500 restaked ether from KelpDAO on April 18, triggering what Cardano founder Charles Hoskinson called the largest DeFi exploit of the year and a contagion event that pulled billions in total value locked from the broader ecosystem within 48 hours. Key Takeaways: An attacker exploited KelpDAO’s cross-chain bridge on April
21 Apr 2026, 15:33
Curve Founder Urges DeFi Safety Standards After KelpDAO Incident
Curve Finance founder Michael Egorov is calling for industry-wide security standards after a wave of DeFi exploits. Investors say repeated failures are part of the sector’s evolution, not a sign of decline. Key Takeaways: Curve Finance’s Michael Egorov has urged for industry-wide DeFi standards after recent onchain exploits, targeting centralized weak points. Requests Ethereum and
