A US court has allowed Arbitrum DAO to transfer ETH related to rsETH to Aave LLC.

PANews reported on May 12 that Aave LLC released an update on the Arbitrum DAO proposal: On May 1, in another case, the plaintiff ruled that creditors should issue a restraining order against Arbitrum DAO, attempting to freeze ETH locked after the rsETH incident. Aave LLC subsequently filed an emergency motion to have it revoked. On May 8, a US court amended the restraining order, allowing the frozen ETH to be transferred to Aave LLC through an on-chain vote on Arbitrum. The restraining order will apply to Aave LLC after the asset transfer. The revised proposal retains the recovery intent approved by Arbitrum DAO, and the ETH will still be used for the recovery of the rsETH incident. Aave LLC will comply with all court obligations during the litigation.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
A new wallet withdrew 676.72 BTC from Binance 7 hours ago, worth $55.12 million.
PANews Newsflash