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

Odaily Planet Daily News An update on the Arbitrum DAO proposal shows that on May 1st, a judgment creditor from an unrelated case served a restraining order on the Arbitrum DAO, targeting the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion to rescind it.

On May 8th, 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 intent of asset recovery approved by the Arbitrum DAO, and the ETH will continue to be used for the rsETH incident recovery. Aave LLC will comply with all court obligations during the litigation process.