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via CoinDesk · By CoinDesk Staff
Arbitrum approves $71 Million ETH release despite U.S. seizure fight
ETH
ETH/USDT
$2,490.40
+0.63%
$2,490.40
+0.63%
(24s)24h Volume
$7,805,016,465.91
24h H/L
$2,523.97 / $2,460.92
Change: $63.05 (2.56%)
Long/Short
56.2%
Long: 56.2%Short: 43.8%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(08:59 AM UTC)
1 min read
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
Arbitrum delegates approved the release of $71 million in ether frozen after last month’s Lazarus-linked rsETH exploit, setting up a direct clash between decentralized governance and an active U.S. court fight over who owns the funds.
The…
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