Arbitrum approves $71 Million ETH release despite U.S. seizure fight
CoinDesk
Arbitrum delegates supported a plan to release $71 million in frozen ETH to aid recovery efforts despite an ongoing U.S. legal dispute.Summary
Arbitrum delegates have voted in favor of a non-binding proposal to release 30,765 ETH, valued at approximately $71 million, which was frozen following an April exploit linked to the Lazarus Group. The funds are intended for an industry recovery effort led by Aave to compensate affected users. However, the assets remain the subject of a legal battle in a Manhattan federal court, where claimants seeking judgments against North Korea argue the funds are state property. While the sentiment check passed with over 90% support, any actual transfer requires a formal onchain proposal and remains subject to potential court intervention.
(Source：CoinDesk)