Inside the $71 million freeze on Arbitrum that has the crypto world questioning what decentralization really means

What Happened

Arbitrum's Security Council froze over $71 million in ETH following the KelpDAO exploit, reigniting debate about decentralization in cryptocurrency. The emergency action, intended to prevent fund laundering, raised concerns among critics who argue it demonstrates how a small group can override network outcomes, contradicting core decentralization principles that define blockchain technology.

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