On May 9, a federal judge in Manhattan, Margaret Garnett, approved Aave's asset recovery plan following the rsETH hacking incident, allowing approximately $71 million in ETH that had been frozen on Arbitrum to be transferred to a wallet controlled by Aave. Court documents indicate that this decision modifies a previous injunction against the Arbitrum DAO, permitting the community to complete the ETH transfer through on-chain governance voting, while exempting those participating in the voting and execution of the transfer from legal liability. This incident stems from the rsETH hacking event that occurred in April, which has been widely attributed to the Lazarus Group, linked to North Korea. In addition to Arbitrum, the plaintiffs had previously sued the privacy protocol Railgun DAO and named Digital Currency Group (DCG) as one of the defendants, accusing them of involvement in related governance and economic activities.
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US Court Approves Aave's Transfer of $71 Million in ETH Related to North Korean Hacking Incident
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