According to a U.S. District Court order issued Friday (May 9), Judge Margaret Garnett modified a restraining notice that had frozen 30,766 ETH inside Arbitrum DAO since May 1, allowing the assets to be transferred to Aave’s digital wallet. The modification explicitly protects any party initiating or voting on the transaction from 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; if the court sides with North Korean terrorism judgment creditors in ongoing litigation, Aave could be compelled to surrender the ETH.
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
Whale 0xc79 Purchases 2,153 ETH for 5M USDC at $2,322 in 2 Hours
According to Onchain Lens, whale 0xc79 purchased 2,153 ETH for 5 million USDC at $2,322 per token 2 hours ago.
GateNews1m ago
Federal Judge Clears $71M in Arbitrum ETH for Aave Transfer, But Restraining Order Remains
According to a federal judge on Friday, May 9, Arbitrum's 30,766 ETH (approximately $71 million) has been cleared for transfer to Aave following a court order from Judge Margaret Garnett of the U.S. District Court for the Southern District of New York. The modification allows an onchain governance v
GateNews6h ago
ETH/BTC Extends Decline With 35% Drop in Past Year, Analysts Warn of Potential 40% Further Fall
According to Cointelegraph, ETH/BTC has declined over 35% in the past year amid a weakening market structure that continues to raise concerns about further downside risks. Technical analysis shows the pair remains pressured by a multi-year downtrend line that has repeatedly capped rallies
GateNews8h ago
Whale Swaps 40 BTC for 1,384.6 ETH Worth $3.23M, Transfers via Tornado Cash
According to Onchain Lens, a whale recently swapped 40 BTC for 1,384.6 ETH worth $3.23 million through THORChain, then transferred the funds via Tornado Cash.
GateNews9h ago
Solana Reclaims 100DMA, Holds Key ETH Support Zone
Solana is showing early strength after reclaiming its 100-day moving average and holding a key support zone against Ethereum, according to technical analysis from traders TraderSZ and CRG. SOL still needs follow-through confirmation, but both charts suggest buyers are attempting to shift momentum
CryptoFrontier9h ago
BlackRock Files to Launch $6.1B Tokenized Money Market Fund on Ethereum
According to Bloomberg, BlackRock has filed to launch tokenized versions of two money market funds targeting stablecoin holders, with the $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) being a key offering. The tokenized shares
GateNews10h ago
