Law Firm Files Restraining Notice for Kelp Exploit ETH

U.S. court freezes $71M in Arbitrum funds for North Korea creditors - The Blockopedia

A legal battle is brewing over frozen funds on the Arbitrum network, as creditors holding nearly $877 million in U.S. court judgments against North Korea seek to seize about 30,766 ether, worth roughly $71 million. The assets were frozen after an exploit involving Kelp DAO, and the plaintiffs are now trying to enforce long-standing terrorism-related […] The post U.S. court freezes $71M in Arbitrum funds for North Korea creditors appeared first o…

Aave moves to unfreeze $73 million in ETH as court battle complicates Kelp DAO recovery

Aave LLC is asking a U.S. federal court to lift a restraining order that has frozen roughly $73 million in Ether (ETH) recovered after the Kelp DAO exploit. In an emergency motion filed on May 4 in the U.S. District Court for the Southern District of New York, the lending protocol said the funds sho...

Aave Asks Court to Vacate Restraining Notice Targeting Recovered Kelp DAO Assets

Aave LLC, a software development company contributing to the Aave Protocol, filed an emergency motion in the Southern District of New York on Monday seeking to vacate a restraining notice served on Arbitrum DAO last week that locks up roughly $71 million in recovered ETH tied to the April 18 Kelp... Read the full story at The Defiant

U.S. Law Firm Action Complicates Frozen ETH Release

An Arbitrum forum update flagged rising scrutiny around a restriction notice tied to the proposed release of frozen ETH from the Kelp-related rsETH incident. The post asked for input from Entropy, Offchain Labs, the Arbitrum Foundation and the Security Council before the process advances further. The issue affects a pending Constitutional AIP that seeks to release 30,765.67 ETH immobilized by the Arbitrum Security Council into a coordinated reme…