todayonchain.com

North Korea terror victims escalate fight to seize $71 million from Aave hack

CoinDesk
Victims of North Korean terrorism are reframing the Aave hack as fraud to legally seize $71 million in frozen ether assets.

Summary

Attorneys representing victims of North Korean terrorism have updated their legal strategy to seize $71 million in frozen ether linked to an Aave hack. By reframing the incident as a fraudulent lending transaction rather than theft, they argue that the perpetrators obtained legal title to the assets under U.S. law. The filing further invokes the Terrorism Risk Insurance Act to facilitate recovery and questions Aave's standing to challenge the asset freeze given the protocol's decentralized nature.

(Source:CoinDesk)