North Korea Creditors Seize Restraining Order on Arbitrum's 30,766 ETH on May 1

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.