Billionaire Justin Sun officially announces Tron as most decentralized
By Mehab Qureshi
Published on April 21, 2026.
Tron founder Justin Sun has officially declared Tron as the most decentralized blockchain in the world, following a major cybercrime incident involving a hacker stealing $292 million from a project called Kelp DAO. The incident occurred within hours of Arbitrum using a centralized emergency button to freeze $71 million in Kelp hacker funds. This follows Arbitrum’s emergency freeze of $71m and Aave's warning of up to $230 million in bad debt. The hack did not break Kelp's main vaults but broke the bridge Kelp uses to move rsETH between different blockchains. The stolen currency was used as a collateral to borrow around $266 million worth of real ETH. On April 20, Arbitrum's Security Council moved 30,766 ETH from a hacker's wallet to a locked wallet only Arbitrum governance can unlock. The attack was attributed to North Korea's Lazarus Group.
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