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Frozen Kelp DAO ETH on Arbitrum Sparks US Legal Dispute Over DPRK Claims

9h ago
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  • Arbitrum froze 30,766 ETH after the $292M Kelp DAO exploit linked to Lazarus hackers.
  • Gerstein Harrow moves to block frozen ETH transfers, linking assets to $877M DPRK judgments.
  • Aave Labs proposed sending the frozen ETH to DeFi United to compensate rsETH holders.

A frozen pile of stolen ETH from the Kelp DAO exploit has become the center of a new legal fight in the United States. According to an official report, Gerstein Harrow LLP is trying to stop Arbitrum DAO from moving the assets, citing older judgments against North Korea.

The dispute adds a new layer to the April 18 hack, which drained $292 million from Kelp DAO. Per reports, the attack was linked to TraderTraitor, a subgroup of Lazarus Group, North Korea’s state-backed hacking network.

Court Filing Targets Frozen Arbitrum Funds

Charlie Gerstein, a lawyer at Gerstein Harrow LLP, said a New York dist…

Read The Full Article Frozen Kelp DAO ETH on Arbitrum Sparks US Legal Dispute Over DPRK Claims On Coin Edition.

9h ago
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