Wow, the news about Arbtrium freezing North Korean hackers’ funds has taken an even more dramatic turn. A federal court in New York has issued a ruling ordering Arbtrium to compensate a group of Americans who have been persecuted by North Korea 🤣

The background is that over the past few decades, because of acts of terrorism and kidnapping and illegal detention, North Korea has faced many class-action lawsuits brought by groups of people who hold U.S. citizenship. However, the North Korean government has never proactively paid any compensation. So these plaintiffs have, around the world, searched for assets belonging to North Korea—then demanded that the U.S. government seize them to compensate them.

Before this, there were many successful precedents. The most well-known example is in 2017: American college student Otto was arrested after stealing a poster while traveling in North Korea, and he ultimately died. After his parents sued North Korea and won, the U.S. court ordered North Korea to pay $500 million in compensation—but North Korea ignored it. In the following years, the U.S. government intercepted a large North Korean cargo ship, auctioned it off, and sent the proceeds to his parents.

Wow, the Arbtrium freezing of North Korean hacker funds has taken a more dramatic turn. The U.S. District Court in New York has issued a ruling requiring Arbtrium to compensate a group of Americans persecuted by North Korea for the frozen funds.🤣 The background is that over the past few decades, North Korea has been subject to numerous class-action lawsuits from individuals with American nationality due to acts of terrorism, kidnapping, and illegal detention. However, the North Korean government has never voluntarily paid compensation, so these plaintiffs have been seeking assets belonging to North Korea worldwide and demanding the U.S. government to seize and compensate. There have been many successful cases before, the most famous being in 2017 when American student Otto was arrested and ultimately died after stealing a poster while traveling in North Korea. After his parents sued North Korea and won, the U.S. court ordered North Korea to pay $500 million, but North Korea ignored it. Subsequently, the U.S. government intercepted a large North Korean cargo ship, auctioned it off, and gave it to Otto’s parents.
And this time, after North Korean hackers stole money from AAVE and Arbtrium froze it, the plaintiffs believe this money belongs to North Korea and should be compensated to them. The U.S. court has once again taken swift action. The first step is to require Arbtrium to cooperate by securely holding the funds and awaiting further court instructions. During this period, no movement is allowed. The ruling characterizes Arbtrium DAO as a partnership and confirms the validity of service. If they do not cooperate, they will be charged with contempt of court, and specific members, such as the core voters within the DAO, will face enforcement measures.