KelpDAO has announced ongoing efforts to address a recent security incident, emphasizing its commitment to user protection. The team, supported by partners and the community, is working around the clock to resolve the issue, with discussions progressing positively. Key measures include collaboration with the Arbitrum Security Council to freeze stolen funds and SEAL 911's involvement in investigations. The project team is focused on safeguarding user assets and strengthening the protocol, viewing the incident as a critical learning opportunity for the industry. KelpDAO will continue to update stakeholders through official channels, expressing gratitude for the support received. Previously, it was reported that the hacker laundered $175 million in ETH into BTC.