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Wow, the Arbtrium freezing North Korean hacker funds case has taken an even more dramatic turn. The U.S. District Court in New York issued a ruling requiring Arbtrium to compensate a group of Americans persecuted by North Korea🤣 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 any compensation, so these plaintiffs have been seeking North Korean assets worldwide and demanding the U.S. government to seize and compensate. Before this, there have been many successful cases, the most famous being in 2017 when American student Otto was traveling in North Korea, was arrested for stealing a poster, and ultimately died tragically. 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 funds from AAVE and Arbtrium froze these funds, the plaintiffs believe that 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 waiting for the court’s next instructions. During this period, no movement of the funds 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 voting members within the DAO, will face enforcement measures.