CRYPTO:ARBUSD

Arbit / Us Dollar Cryptocurrency News

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At Close: Jun 03, 2026
Arbitrum can move $71 million worth of Ethereum. A court said yes.
The order shields anyone who votes on the transfer from being held in violation of the freeze, though the ultimate fate of the funds remains unclear.
A Manhattan judge gave Arbitrum DAO permission to transfer frozen Ether worth $71 million. The funds can now move to Aave.
ARB rally faces pressure as weak on-chain liquidity signals structural risk.
A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims' legal claim on the funds.
Arbitrum DAO approved with 90.96% of votes to release 30,765.67 ETH, equivalent to approximately $70 million, to compensate victims of the KelpDAO exploit. A court order from the Southern District of
A joint proposal to release approximately $71 million worth of Ether frozen after the Kelp DAO exploit is set to pass later on Thursday, according to Snapshot voting data. More than 90.5% of the votes
Arbitrum is at the center of a high-stakes legal and governance clash after its decentralized autonomous organization voted to release roughly 30,766 ETH - valued at about $71 million - previously fro
Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.
Arbitrum community overwhelmingly approves release of $71M in ETH following Kelp DAO security breach
DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum's governance rules delay any transfer for at least eight days
However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency motion against it.
Arbitrum DAO's proposal to release nearly $71 million in frozen Ether tied to the Kelp DAO exploit has secured overwhelming support ahead of its final on-chain governance vote. According to Snapshot v
The Snapshot vote would move the recovery effort toward a binding onchain Arbitrum governance proposal.
Galaxy Digital's Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
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