US Court Blocks Arbitrum From Moving $71M Seized From KelpDAO Hacker

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A Southern District of New York order bars Arbitrum from transferring 30,766 ETH worth about $71 million that its Security Council seized from the KelpDAO hacker. Lawyers for U.S. nationals with a 2015 judgment against Pyongyang are trying to claim the assets after LayerZero tied the hack to the Lazarus Group. The order stalls Aave and KelpDAO plans to use the seized ETH to compensate users hit by the April 18 hack.

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