Arbitrum DAO Releases Kelp Hacker's ETH to DeFi United

Arbitrum DAO, with the community's vote in the ARB detailed analysis, decides to release the 30.766 ETH (approximately 93 million dollars) transferred by the Kelp DAO attacker to the Arbitrum One address to the DeFi United initiative. The vote received strong 'yes' support with 16,9 million ARB in the first hour; no 'no' votes and it will continue until May 7. This move aims to redirect hacker funds to save the DeFi ecosystem.

Arbitrum Security Council's Quick Intervention and Lazarus Suspicion

On April 20, the Council locked 71,1 million dollars worth of ETH to limit the attack. Funds were moved to the 0x0000000000000000000000000000000000000DA0 address; DAO approval required. Hackers stole 18% of Kelp's rsETH (292 million dollars) and borrowed on AAVE detailed analysis, Compound, and Euler, creating a 236 million dollar burden. Protocols halted; the Council used emergency powers with a 12/9 vote. Suspicion of the North Korean Lazarus Group makes the incident critical; despite centralization criticisms, the ecosystem was protected.

AAVE-Led DeFi United: 311 Million Dollars Raised

Aave-led DeFi United raised 311 million dollars in ETH/stablecoins on Thursday. If approved, Arbitrum will be the largest contributor; Consensys (Joseph Lubin 30K ETH), Mantle (30K ETH loan) follow. Stani Kulechov, LayerZero, and Kelp provided support. This solidarity demonstrates DeFi's crisis resilience.

AAVE Technical Analysis: Critical Support and Resistance Levels

• Price: $93.26 (-0.90% 24s)
• Trend: Downtrend (RSI 44.14, Supertrend Bearish)
• Supports: S1 $91.99 (Strong, -1.34%); S2 $86.34 (Strong, -7.41%)
• Resistances: R1 $94.11 (Strong, +0.92%); R2 $102.00 (Strong, +9.38%)

Below EMA20 $96.49; short-term pressure continues, DeFi news could be a trigger. Watch AAVE futures.

AAVE and Arbitrum Frequently Asked Questions

When will the Arbitrum DAO vote end?

Until May 7; currently 100% yes support.

How does DeFi United benefit AAVE?

By clearing attack debts, it strengthens lending protocols.

Why is AAVE price declining?

General market downtrend and hack repercussions; S1 support is critical.