Arbitrum DAO: Court Amends Restraining Order, Approves Transfer of Frozen ETH to Aave LLC

Odaily Planet Daily News An update on 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 the ETH that was frozen following the rsETH incident. A few days later, Aave LLC filed an emergency motion to vacate the order.

On May 8, the court amended the restraining order, allowing the on-chain Arbitrum vote to proceed and permitting the transfer of the frozen ETH to Aave LLC. Following the transfer, the restraining order will attach to Aave LLC. The revised constitutional AIP retains the Arbitrum DAO's approved intent for asset recovery, and the ETH will still be used for recovery from the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.