#aave llc

[rwatimes]

U.S. court authorizes DAO vote in latest twist of rsETH exploit recovery

A U.S. court approved an onchain Arbitrum DAO vote to transfer frozen rsETH recovery funds into Aave LLC custody.

➤ A U.S. court has authorized an onchain Arbitrum DAO vote to transfer 30,765 ETH, recovered from the rsETH exploit, into the custody of Aave LLC. ➤ This legal intervention allows for the frozen funds to be moved under court-supervised conditions, providing legal protection to DAO participants involved in the vote. ➤ The recovered ETH cannot be distributed or used until further court approval, as recovery efforts for rsETH and normalization of lending markets continue.

[rwatimes]

Judge Allows Governance Vote on $71M Frozen ETH Transfer to Aave

A Manhattan judge modified a restraining order to allow an Arbitrum governance vote on transferring $71M in frozen ETH to Aave LLC.

➤ A Manhattan judge has allowed an Arbitrum governance vote to proceed on transferring $71 million in frozen ETH to Aave LLC. ➤ The frozen ETH was linked to a Lazarus Group exploit and is also claimed by terrorism creditors seeking to enforce judgments against North Korea. ➤ While the transfer is now procedurally cleared, the underlying legal dispute over ownership of the funds remains unresolved.