Arbitrum DAO: Court Modifies Restraining Order, Agrees to Transfer Frozen ETH to Aave LLC

Odaily reports that an update to the Arbitrum DAO proposal shows that on May 1, a judgment creditor from an unrelated case served a restraining order on the Arbitrum DAO, targeting ETH that was frozen following the rsETH incident. A few days later, Aave LLC filed an emergency motion to dissolve it.

On May 8, the court modified the restraining order, allowing for on-chain Arbitrum voting and the transfer of the frozen ETH to Aave LLC. Following the transfer, the restraining order will be attached to Aave LLC. The revised constitutional AIP retains the intention of asset recovery as approved by the Arbitrum DAO, with the ETH still to be used for the rsETH incident recovery. Aave LLC will comply with all court obligations during the litigation process.