Arbitrum committee moves to unfreeze $71M ETH to limit Kelp DAO losses, pending governance vote.

The Arbitrum governance committee has initiated a process to unfreeze approximately $71 million in ETH that was previously locked due to a security emergency. This move aims to limit losses suffered by Kelp DAO and is now advancing through a formal constitutional proposal requiring community approval. The unfreeze follows an emergency freeze action from April 21, 2026, and the funds remain locked until the governance vote concludes. Details on how the funds will be distributed or used to mitigate losses are yet to be clarified as the proposal progresses through Arbitrum's governance process.