Kelp DAO freezes address beginning 0xc70f for 24 hours over suspicious activity

Kelp DAO imposed a 24-hour precautionary freeze on an address beginning with 0xc70f after detecting potentially suspicious activity. The address had received rsETH, a liquid-restaking token, a few hours earlier. Deposits and withdrawals from the wallet are restricted during the freeze, while Kelp DAO says its contracts remain secure, rsETH is fully collateralized, and minting, withdrawals and integrations with external protocols continue normally. The project said users do not need to take action. Kelp DAO suffered a $292 million hack in April 2026.