Wow, the situation involving Arbtrium freezing funds belonging to North Korean hackers has taken an even more dramatic turn. A U.S. District Court in New York issued a ruling requiring Arbtrium to compensate a group of Americans who have been persecuted by North Korea 🤣 The backdrop is that over the past few decades, North Korea has faced numerous class-action lawsuits from people with U.S. nationality due to acts of terrorism and kidnapping/illegal detention. But the North Korean government has never voluntarily paid any compensation, so these plaintiffs have been searching worldwide for assets belonging to North Korea and then asking the U.S. government to seize and compensate from them. Before this, there were already many successful precedents—most famously in 2017, when American college student Otto was arrested and ultimately died after stealing a poster while traveling in North Korea. So after his parents sued North Korea and won, a U.S. court ordered North Korea to pay $500 million, but North Korea ignored it. In the following years, the U.S. government intercepted a large North Korean cargo ship, auctioned it off, and handed the proceeds to Otto’s 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 that the U.S. government seize and compensate them. Before this, there have been many successful cases, the most famous being in 2017 when American student Otto was arrested and ultimately died after stealing a poster while traveling in North Korea. His parents sued North Korea and won, and the U.S. court ordered North Korea to pay $500 million in damages, 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 funds from AAVE and Arbtrium froze these funds, 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 these funds and await 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.