US Law Firm Moves to Block Frozen ETH From Kelp Exploit
A New York district court signed a restraining notice and three writs of execution to prevent the Arbitrum DAO from moving Ether believed to be tied to the Kelp exploit, according to a Friday post on the Arbitrum DAO forum by US law firm Gerstein Harrow LLP. The firm says its cli...
➤ A US law firm, Gerstein Harrow LLP, has obtained a court order to block the Arbitrum DAO from moving Ether linked to the Kelp exploit, claiming its clients are owed significant damages from North Korea. ➤ The firm argues the stolen Ether is 'property' in which North Korea has a stake due to the hacker group's alleged ties to the country, creating a conflict with potential victims seeking to recover their funds. ➤ This legal action highlights the complex intersection of cybercrime, sanctions, and the challenges in allocating recovered crypto assets when multiple parties, including state actors and exploit victims, have claims.