A US court has approved Aave's transfer of $71 million worth of ETH related to the North Korean hacking incident.

This article is machine translated
Show original
According to Mars Finance, on May 9th, U.S. District Judge Margaret Garnett of the Manhattan Federal Court approved Aave's asset recovery plan following the rsETH attack, allowing approximately $71 million worth of ETH previously frozen on Arbitrum to be transferred to wallets controlled by Aave. Court documents show that the decision amended the previous restraining order against the Arbitrum DAO, allowing the community to complete the ETH transfer through on-chain governance voting, while exempting those who participated in the voting and executed the transfer from related legal liabilities. This incident stemmed from the rsETH attack in April, which was widely attributed to the Lazarus Group, which has ties to North Korea. Previously, lawyers representing the families of victims of North Korean terrorism had argued for freezing related assets and attempted to include them in the approximately $877 million outstanding judgment. The Arbitrum community overwhelmingly supported returning the frozen ETH to Aave's recovery plan in a Snapshot temperature check vote, but the actual transfer still requires formal on-chain governance approval. The report points out that this case is also part of the actions taken by related U.S. plaintiffs to recover North Korean-related crypto assets. In addition to Arbitrum, the plaintiff previously sued the privacy agreement Railgun DAO and named Digital Currency Group (DCG) as one of the defendants, accusing it of involvement in related governance and economic activities.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
57
Add to Favorites
17
Comments