Arbitrum DAO approves $70 million ETH release for Kelp DAO recovery
The Block
Arbitrum DAO voted to release $70 million in frozen ETH to assist in recovering funds lost during the Kelp DAO exploit.Summary
The Arbitrum DAO has overwhelmingly voted to release 30,765.6 ETH, valued at approximately $70 million, to the DeFi United initiative to support recovery efforts following a $292 million exploit of Kelp DAO. While the proposal passed with 90.96% of the vote, the transfer currently faces legal hurdles due to a court order resulting from unrelated litigation involving North Korea, which has restricted the movement of these assets. Aave LLC is actively challenging this restriction in federal court.
(Source：The Block)