May 8
Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief
Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.
➤ Arbitrum DAO approved the release of $70 million in ETH to compensate victims of the Kelp DAO exploit, but a U.S. court restraining order has created legal uncertainty. ➤ The restraining order, citing unpaid judgments against North Korea and attributing the hack to the Lazarus Group, claims the frozen ETH is DPRK property subject to seizure. ➤ Legal experts suggest that moving the ETH despite the notice could lead to contempt of court charges, creating a significant risk for those involved in the transfer.