According to a federal judge ruling on Friday, 30,766 ETH (approximately $71 million) frozen in Arbitrum DAO since May 1 has been partially cleared for transfer to Aave. Judge Margaret Garnett of the U.S. District Court for the Southern District of New York modified a restraining notice that had locked the funds, allowing an onchain governance vote to proceed without violating the freeze order.
Arbitrum delegates voted to approve the release on Thursday, with 182.2 million ARB tokens supporting the measure and roughly 91% of voting power in favor. However, the funds remain subject to the restraining notice once transferred to Aave’s wallet, meaning they could be seized if the court ultimately sides with North Korea-linked terrorism judgment creditors pursuing the assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum-Based USDT Sees $1.29 Billion Net Outflow on Friday, Largest in Nearly Three Months
According to Santiment, Ethereum-based USDT experienced a net outflow of $1.29 billion on Friday, marking the largest weekly exit in nearly three months.
GateNews1h ago
Ethereum Will Form Perfect Bottom at $1,890, BitMine Chair Says at Consensus 2026
According to Foresight News, BitMine chairman Tom Lee said at Consensus 2026 that Ethereum will form a perfect bottom if it touches $1,890, and the asset is already very close to the bottom. He also stated that the crypto market needs to wait for a Bitcoin reversal, which depends on gold
GateNews2h ago
Whale Spends $17M to Buy 7,284 ETH at $2,334, Stakes via Lido
According to ChainCatcher and Onchain Lens monitoring, a whale recently spent $17 million in USDC to purchase 7,284 ETH at $2,334 per token and subsequently staked the assets through Lido Finance. The whale still holds $10.15 million in USDC and may continue to accumulate more ETH.
GateNews4h ago
A Manhattan judge approves the transfer of $71 million worth of ETH on Arbitrum to Aave, while preserving claims by alleged North Korean terror attack creditors
On May 9, a New York Manhattan federal judge Margaret Garnett ruled to allow the Arbitrum DAO to freeze $71 million (30,765 ETH) and transfer the assets to a wallet controlled by Aave, continuing to push forward the recovery plan; in the same ruling, she also preserved the legal claims of holders of a North Korea terror attack judgment. CoinDesk reports: the judge modified the earlier seizure order, enabling Arbitrum governance to move that amount of ETH via on-chain voting, and protecting votin
ChainNewsAbmedia5h ago
Judge Unblocks $71M in ETH for Aave Transfer as North Korea Creditors Retain Legal Claim
According to The Block, on Friday, Judge Margaret Garnett of the U.S. District Court for the Southern District of New York partially unblocked 30,766 ETH (approximately $71 million) frozen inside Arbitrum DAO since May 1, allowing an on-chain governance vote to transfer the ether to a digital
GateNews8h ago
Ethereum's DeFi TVL Dominance Drops to 53%, Approaching Multi-Year Low
Ethereum’s share of total decentralized finance ( DeFi) liquidity has fallen to its lowest level in years, as rival blockchains chip away at a dominance that once exceeded 63%.
Key Takeaways:
Ethereum’s DeFi TVL share fell from 63.5% to 53% between January 2025 and May 2026.
Defillama data s
Coinpedia11h ago
