According to The Block, on May 1, lawyers representing North Korea terrorism creditors served a restraining notice on Arbitrum DAO, preventing the release of 30,766 ETH (~$71.1 million) that the Arbitrum Security Council froze on April 20 following the Kelp DAO exploit. The notice names Arbitrum DAO as a garnishee, treating the frozen ether as property subject to three unsatisfied U.S. judgments against North Korea totaling over $877 million, predicated on the theory that Lazarus Group stole the funds on Pyongyang’s behalf.
Arbitrum DAO opened voting on April 30 to send the frozen ETH to DeFi United, a cross-protocol relief fund for Kelp victims. As of publication, over 99% of votes favor the proposal, with voting concluding May 7.
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