Crypto News

Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave

A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.

Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief

Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.

Arbitrum delegates back $71 Million ETH recovery plan despite U.S. seizure fight

DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days

Arbitrum DAO approves $70 million ETH release for Kelp DAO recovery

However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency motion against it.