According to Aave’s update, the court modified the restriction notice on May 8 to permit Arbitrum DAO to conduct on-chain voting and to transfer ETH frozen due to the rsETH incident to Aave LLC, with the restriction notice attaching to Aave LLC. The revised constitutional AIP retains the intent to recover funds, and the related ETH will be used for rsETH recovery. Previously, on May 1, the plaintiff’s judgment creditor served the restriction notice on Arbitrum DAO, after which Aave LLC filed an emergency motion to vacate.
Court Allows Arbitrum DAO to Vote and Transfer Frozen ETH
AiCoinShare
Summary
ETH news broke on May 8 when a court amended a restriction notice, permitting Arbitrum DAO to proceed with on-chain voting and transfer the frozen ETH related to the rsETH incident to Aave LLC. The restriction is now applied to Aave LLC. The updated AIP aims to recover the ETH for rsETH recovery. On May 1, the plaintiff issued a restriction notice to Arbitrum DAO, prompting Aave LLC to file an emergency motion to revoke it. This ETH update represents a key development in the ongoing legal proceedings.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.