Gerstein Harrow LLP seeks seizure of 30,766 ETH ($73M) Arbitrum froze after Kelp DAO hack; NY court issues restraining order blocking asset moves; Kelp loss $292M; Arbitrum calls seizure unjust and delaying victims’ funds.Abstract: This article covers a New York lawsuit by Gerstein Harrow LLP to seize 30,766 ETH (about $73 million) that Arbitrum froze following the Kelp DAO hack. A New York court granted a restraining and execution order to prevent asset transfers. Kelp DAO suffered about $292 million in losses. Arbitrum argues the seizure is unjust and would delay the return of funds to victims, who had been slated to be compensated via DeFi United.

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2026-05-04 17:05:52

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Gerstein Harrow LLP filed a lawsuit to seize 30,766 ETH worth $73 million that Arbitrum froze after the Kelp DAO hack. A New York court has reportedly approved a restraining and execution order that bars Arbitrum from moving the assets. Kelp DAO lost $292 million in the April 18 hack, and Arbitrum had planned to send the frozen ETH to DeFi United to compensate users. Arbitrum said the seizure action is unjust and delays the return of victims’ funds.

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Gerstein Harrow Seeks $73M in ETH Frozen by Arbitrum After Kelp DAO Hack

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