Cointime

Download App
iOS & Android

US Court Approves Aave's Transfer of $71 Million ETH Related to North Korean Hacking Incident

On May 9, U.S. District Judge Margaret Garnett in Manhattan approved Aave's asset recovery plan following the rsETH hacking incident, allowing approximately $71 million in ETH that had previously been frozen on Arbitrum to be transferred to a wallet controlled by Aave. Court documents indicate that this decision modifies a prior injunction against the Arbitrum DAO, permitting the community to complete the ETH transfer through on-chain governance voting, while exempting those participating in the vote and executing 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. Previously, lawyers representing victims of North Korean terrorism had sought to freeze the related assets and attempted to include them in the compensation for an outstanding judgment of approximately $877 million. The Arbitrum community has expressed strong support in a Snapshot temperature check vote for returning the frozen ETH to Aave's recovery plan, but the actual transfer still requires formal approval through on-chain governance. Reports indicate that this case is also part of the U.S. plaintiffs' efforts to reclaim cryptocurrency assets associated with North Korea. In addition to Arbitrum, the plaintiffs have previously sued the privacy protocol Railgun DAO and named Digital Currency Group (DCG) as one of the defendants, accusing it of involvement in related governance and economic activities.

Comments

All Comments

Recommended for you

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.18, with a 24-hour increase of 1.07%. Due to significant market fluctuations, please ensure proper risk management.
  • BTC Drops Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,984.42, with a 24-hour decline of 1.73%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,984.42, with a 24-hour decline of 1.73%. The market is experiencing significant volatility; please ensure proper risk management.
  • Qualcomm Stock Soars Nearly 10% in Pre-Market Trading

    On September 8, Qualcomm's stock price surged nearly 10% in pre-market trading. The company announced a multi-generational product collaboration with Amazon to build the next generation of artificial intelligence data center infrastructure.
  • Qualcomm Stock Soars Nearly 10% in Pre-Market Trading

    On September 8, Qualcomm's stock surged nearly 10% in pre-market trading. The company announced a multi-generational product collaboration with Amazon to build next-generation artificial intelligence data center infrastructure.
  • BitMine Increases ETH Holdings by 28,086, Total Holdings Exceed 5.92 Million ETH

    As of September 7, Eastern Time, BitMine's total cryptocurrency and cash holdings, including the "Moon Landing Project," amount to $15.7 billion. BitMine holds 5,929,198 ETH (an increase of 28,086 ETH from last week), which represents 4.9% of the total Ethereum supply of 120.7 million ETH. Additionally, it holds 211 BTC, shares in Beast Industries valued at $180 million, shares in Eightco Holdings (NASDAQ: ORBS) worth $91 million, and $593 million in unsecured cash. As of September 7, 2026, the total amount of ETH staked by BitMine is 5,067,309 ETH, valued at $12.6 billion based on a price of $2,495 per ETH.
  • BitMine Increases ETH Holdings by 28,086, Total Holdings Exceed 5.92 Million ETH

    As of September 7, Eastern Time, BitMine's total cryptocurrency and cash holdings, including the 'Moon Landing Plan', amount to $15.7 billion. BitMine holds 5,929,198 ETH (an increase of 28,086 ETH from last week), which represents 4.9% of the total Ethereum supply of 120.7 million ETH. Additionally, it holds 211 BTC, shares in Beast Industries worth $180 million, $91 million in Eightco Holdings (NASDAQ: ORBS), and $593 million in unsecured cash. As of September 7, 2026, the total amount of staked ETH by BitMine is 5,067,309 ETH, valued at $12.6 billion based on a price of $2,495 per ETH.
  • Robinhood Partners with Crypto.com to Advance Prediction Market Strategy

    On September 8, Robinhood announced a partnership with Crypto.com to launch event contracts provided by Crypto.com's prediction market division, OG.com. Robinhood will hold a minority stake in both Crypto.com and OG.com. OG.com is valued at $5 billion based on the investment from Citadel Securities in July.
  • Robinhood Partners with Crypto.com to Advance Prediction Market Strategy

    On September 8, Robinhood announced a partnership with Crypto.com to launch event contracts provided by Crypto.com's prediction market division, OG.com. Robinhood will hold a minority stake in both Crypto.com and OG.com. OG.com is valued at $5 billion based on the investment from Citadel Securities in July.
  • Strive Increases Bitcoin Holdings by 1,375 BTC, Total Holdings Reach 24,531 BTC

    On September 8, Strive CEO Matt Cole disclosed that the company has increased its Bitcoin holdings by 1,375 BTC at an approximate cost of $109 million, averaging $79,281 per BTC, bringing its total Bitcoin holdings to 24,531 BTC.