Abitrum DAO Proposal Update, Court Amends Restraining Order, Agrees to Transfer Frozen ETH to Aave LLC
BlockBeats News, May 12th. According to official sources, following an update to the Arbitrum DAO proposal on May 1st, a plaintiff in an unrelated case obtained a restraining order against the Arbitrum DAO, concerning the frozen ETH from the rsETH incident. Days later, Aave LLC filed an emergency motion to lift the restraining order.
On May 8th, the court modified the restraining order to allow for on-chain Arbitrum voting and the transfer of the frozen ETH to Aave LLC. After the transfer, the restraining order will be attached to Aave LLC.
The revised constitutional AIP maintains the Arbitrum DAO's approved asset recovery plan, and the ETH will still be used for the rsETH incident recovery. Aave LLC will comply with all court obligations during the litigation process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network: Will mainnet KYC upgrades save PI crypto from drop to $0.076?
Why Is Tether Bringing USDT Back to Bitcoin Now? Morgan Stanley Offers a Clue
Swiss Franc: Dovish SNB keeps CHF under pressure against US Dollar – ING
Japan Central Bank inflation indicators accelerate, providing grounds for further interest rate hikes
An indicator used by the Bank of Japan to measure underlying inflation accelerated last month, significantly exceeding its target level, providing further justification for continuing to raise the benchmark interest rate.
Crypto prices
More
