News section
Arbitrum's $71 million in ETH cleared for Aave transfer as North Korea terrorism creditors retain legal claim
A Manhattan federal judge on Friday modified a restraining notice that had barred Arbitrum DAO from moving 30,766 ETH (~$71 million) frozen after the April 18 Kelp DAO exploit.The judge cleared the way for an onchain governance vote to transfer the funds to a wallet controlled by Aave LLC.The order explicitly shields anyone who initiates, votes on, or participates in the transfer from being held in violation of the freeze.Aave agreed to be bound by the restraining notice as though it had been served directly, meaning the terrorism creditors’ claims on the funds survive the transfer.The court left the underlying dispute between exploit victims and North Korea terrorism judgment holders unresolved.
2026-05-10 05:02:00
Arbitrum DAO moves closer to unlocking $71M tied to Kelp DAO hack
More than 90% of Arbitrum DAO voters backed the proposal to release $71 million in frozen ETH tied to the Kelp DAO exploit.The proposed recovery plan would move 30,765 ETH into a multisig wallet managed by Aave Labs, Kelp DAO, Certora, and EtherFi.
2026-05-08 07:22:52
Arbitrum DAO starts vote to release 30,766 frozen ETH to DeFi United, following Kelp DAO attack
The Arbitrum Security Council froze 30,766 ETH that the Kelp DAO attacker had moved to an Arbitrum One address.If approved, Arbitrum DAO will represent the largest contributor to the DeFi United initiative.
2026-05-01 04:58:00
