Penzlyk.base.eth pfp
Penzlyk.base.eth

@penzlik

Arbitrum just froze $70M from the KelpDAO hacker. No rollback. No community vote. Just — frozen. KelpDAO got drained for $300M on a stupid bug. Arbitrum used an emergency freeze mechanism that was sitting in their docs all along. Nobody knew. First time ever used. And now crypto twitter is split. Camp 1 says: users lost $300M, $70M recovered is better than nothing. The tooling exists — use it. Camp 2 says: a chain that can freeze your funds is not a chain. That's a bank with a blockchain logo. You know what's wild? Most L2s have these admin keys. Arbitrum, Base, Optimism — all of them. Approximate data: ~90% of top L2s are not fully trustless yet. We just never saw it used live. So the real question isn't whether Arbitrum did the right thing. It's — did you actually know what you were building on? Because if you didn't… that's on the docs nobody reads. What's your take — necessary move or a line that shouldn't have been crossed?
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