The proposal seeks to unfreeze and redirect Ether tied to the Kelp DAO exploit from a larger pool currently frozen on Arbitrum.
Aave Labs has formally asked the Arbitrum community to unfreeze funds connected to the Kelp DAO exploit. The proposal calls for the release and redirection of about $73.5 million in ETH from a larger frozen pool. The move centers on handling assets affected by an exploit, a common crypto security incident in which funds are drained or misused and later subject to governance or recovery efforts.