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via CoinDesk · By CoinDesk Staff
Arbitrum approves $71 Million ETH release despite U.S. seizure fight
ETH
ETH/USDT
$1,873.60
-0.63%
$1,873.60
-0.63%
(24s)24h Volume
$2,508,263,977.25
24h H/L
$1,892.31 / $1,869.17
Change: $23.14 (1.24%)
Long/Short
67.7%
Long: 67.7%Short: 32.3%
Funding Rate
+0.0040%
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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