Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave
60-second summary
A Manhattan judge has modified a restraining notice, allowing Arbitrum DAO to transfer $71 million in frozen Ether to Aave, while preserving terrorism victims' legal claim on the funds. This decision enables Arbitrum DAO to utilize the frozen assets, potentially impacting the DAO's financial stability and operations, amidst ongoing investigations into North Korea's alleged hacking activities.
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.