$71M Freeze, $292M Hack, $19M Outflow – Is Arbitrum (ARB) in Trouble or Transition?

Arbitrum is facing a mix of governance pressure, security fallout, and liquidity exit. A group including Aave Labs and KelpDAO has proposed releasing 30,765.67 ETH worth over $71 million, frozen by the Arbitrum Security Council, tied to the April 18 rsETH bridge exploit. The Lazarus-linked $292 million DeFi hack has triggered $13–15 billion in DeFi