Court lets Arbitrum DAO 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.
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Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.
Read full articleA 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.
Without a final court ruling, Arbitrum is moving to transfer the frozen ETH, potentially exposing DAO participants to legal risk.
Solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.
The liquid restaking protocol argues that the 1-of-1 verifier setup at the center of the April 18 exploit was LayerZero's own documented default.
The Security Council has been in the spotlight in recent weeks after its decision to freeze over 30K ETH connected to the Kelp bridge exploit.
The emergency motion challenges a New York court order redirecting recovered Kelp DAO exploit funds toward decades-old terrorism judgments against North Korea.
A U.S. attorney is attempting to claim ETH frozen by Arbitrum following the Kelp DAO exploit — on behalf of victims of North Korean state hackers from prior incidents.
Victims of North Korean terror, awarded hundreds of millions by a U.S. court, are now seeking to recover their damages from Arbitrum.