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Sunsetting Over Protocol We, the Over Foundation, are announcing the sunset of Over Protocol. Due to financial constraints, we have discontinued operation of our infrastructure and services for Over Protocol, including OverWallet, OverNode, OverFlex, our RPC endpoints, the block explorer, and our APIs. We do not plan to restore these services. Over Protocol is a Layer 1 mainnet, and the network is decentralized in design. However, with the Foundation discontinuing its services, it is highly likely that the chain will not continue to operate in practice. The continued production of blocks depends on independent validators running the open client software, and we are not in a position to direct or guarantee that outcome. We started Over Protocol with a simple idea: that a Layer 1 should belong to the people who run it, and that anyone with a personal computer should be able to take part. The community that formed around that idea was larger and more generous than we had any right to expect. We regret that we could not see it through to the end, and we are grateful for every part of the road we shared. — The Over Foundation

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.