PANews reported on May 14th that, according to Cointelegraph, New York Judge Margaret M. Garnett on Wednesday postponed her ruling on Aave's emergency application to unfreeze $71 million in ETH related to the Kelp DAO hack, requiring both parties to submit supplementary statements before a hearing on June 5th. Aave sought to use the ETH frozen by Arbitrum to assist in recovery efforts following the attack, but the U.S. law firm Gerstein Harrow filed for a restraining order in early May, claiming its clients had claims on the funds. The judge stated that Aave failed to adequately explain how the continued existence of the restraining order would lead to "cumulative losses" on user funds and raised six key questions requiring further clarification from both parties, including whether the hack transactions were subject to New York asylum doctrine, the legal distinction between fraud and theft, and creditor priority. Both parties must submit their documents by May 22nd.
A US judge postponed the hearing on Aave's application to unfreeze $71 million worth of stolen ETH.
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