Aave submits an emergency motion requesting the lifting of the restriction order on ETH frozen due to the Kelp vulnerability.

Deep Tide TechFlow News, May 5th, according to Cointelegraph reports, DeFi protocol Aave submitted an emergency motion in New York on Monday, requesting the revocation of the restriction notice issued by U.S. law firm Gerstein Harrow LLP, which prevented Arbitrum DAO from transferring 30,766 ETH to Kelp victims.

Gerstein Harrow LLP served a restriction notice to Arbitrum DAO last Friday, claiming that its client should be awarded over $877 million in damages in a default judgment related to North Korea. The law firm stated that the North Korean hacker group behind the Kelp vulnerability held these tokens as of April 18, and therefore its client has legal claims to the relevant ETH.

Aave countered in the motion that thieves do not legally acquire ownership of property through theft, and that the involvement of North Korea is currently merely “speculation.” The law firm’s argument is “illogical, nonsensical, and unlawful.” Aave’s lawyers warned that delays would cause “irreparable harm” to the protocol, users, and the broader DeFi community, and could incentivize malicious actors to attack more crypto protocols.

Arbitrum DAO is currently voting on whether to release the aforementioned ETH to assist DeFi United. DeFi United is an industry coordination initiative providing relief to rsETH holders and helping restore rsETH collateral, in the context of the $292 million hack of Kelp DAO on April 18. The vote will end on May 7. If the court cannot immediately revoke the restriction order, Aave’s lawyers request Gerstein Harrow to pay a $300 million bond to maintain the restriction until a judgment is made. The judge has not yet ruled on the emergency motion, and a hearing date has not been set.