Approved by U.S. District Judge Margaret Garnett of the Southern District of New York, Aave may proceed with its asset recovery plan following the rsETH attack, transferring approximately $71 million in ETH previously frozen on Arbitrum to wallets under Aave’s control. Court documents indicate that this ruling modifies the injunction against Arbitrum DAO, permitting the transfer to be completed via on-chain governance voting and exempting related parties from legal liability. The incident is linked to the April rsETH attack, which has been attributed to Lazarus Group. The plaintiffs have also sued Railgun DAO and Digital Currency Group (DCG).
U.S. Court Approves Aave's Transfer of $71M in ETH
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Summary
A U.S. federal court in Manhattan has approved Aave’s plan to transfer $71 million worth of ETH from Arbitrum to wallets controlled by Aave. The ruling modifies restrictions on the Arbitrum DAO, enabling the community to execute the transfer via on-chain governance while ensuring CFT compliance. The decision follows the rsETH attack in April, allegedly linked to the Lazarus Group. Plaintiffs have also filed lawsuits against Railgun DAO and DCG. Risk-on assets have regained attention as this move signals regulatory progress in crypto CFT measures.
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