TLDR Tech / Crypto
Arbitrum's $71M in ETH Cleared for Aave Transfer
A Manhattan federal judge modified a restraining notice allowing Arbitrum DAO to transfer 30,766 ETH (~$71M), frozen following the KelpDAO exploit, to a wallet controlled by Aave LLC, after delegates approved the move with 182.2M ARB tokens (91% of voting power). Aave agreed to be bound by the original restraining notice directly, meaning three North Korean terrorism judgment creditors with a combined face value exceeding $877M retain their legal claims on the funds regardless of where they sit. The ruling deliberately leaves the underlying dispute between exploit victims and the terrorism judgment holders unresolved.
Read the full story