Aave submits an emergency motion to revoke the asset freeze notice against Arbitrum DAO

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BlockBeats message, May 4. According to official information, Aave LLC has filed an emergency motion requesting the revocation of an asset freeze notice sent to Arbitrum DAO on May 1, 2026. The notice attempted to seize approximately 71 million USD worth of ETH; these assets belong to the victims of the April 18 attack event.

Aave said that attackers will not gain legal ownership of stolen property merely by stealing, and there are clear legal provisions on this matter. These recovered assets are intended to be returned to users who were harmed in the April 18, 2026 attack event. Freezing these assets is precisely what harms the users that the recovery efforts were meant to protect.

Aave has requested that the court hold an emergency hearing and temporarily lift the freeze order, while continuing to work with the Arbitrum community and DeFi United to compensate affected users.

AAVE0.67%
ARB0.22%
ETH1.88%
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