Arbitrum approves $71 Million ETH release despite U.S. seizure fight
CoinDesk
Arbitrum DAO voted to release $71 million in frozen ETH for recovery efforts, defying a U.S. legal claim linking the funds to North Korea.Summary
Arbitrum delegates have voted to release 30,765 ETH, worth approximately $71 million, which was frozen following an April 18 exploit involving Lazarus Group. The funds are intended for a recovery effort led by Aave and other protocols to reimburse affected users. However, the decision faces significant legal obstacles, as an attorney representing terrorism judgment creditors has issued a restraining notice, claiming the assets are North Korean property. While the DAO's governance vote passed with over 90% support, the transfer is delayed by an eight-day constitutional waiting period, providing a window for the Manhattan federal court to intervene in this clash between decentralized governance and U.S. legal enforcement.
(Source：CoinDesk)