dumpbeardiv The multisig does not have $28M. The ETH and the alETH in the wallet are what the hacker returned and is earmarked to be used to partially compensate LPs.
Also, most of the rest is in locked positions and would be impossible to liquidate.
420 alETH is stuck on the bridge, which is closer to $800k. And whatever is not released to bridgers would be used to compensate LPs, as they would be eating a huge loss still, as it stands today.
So essentially both the protocol and the LPs are in the red as a result of the exploit and people that arbitraged have profited handsomely that is a direct effect of people's money being stolen.
And you are saying on top of everything that it is not just that arbitragers should be fully refunded, but because ETH has decreased in price since, they should be FURTHER compensated? I mean, I understand that there are reasons to be considered on both sides, but let's be real, this last part is absurd.