PANews
PANews|May 03, 2026 09:30
[U.S. Court Freezes Approximately $71 Million in ETH from Arbitrum DAO, Potentially for Compensating Terrorism Victims] According to documents from the U.S. District Court for the Southern District of New York, the court has issued an injunction against Arbitrum DAO, prohibiting the transfer of approximately $71 million in ETH assets previously frozen from the KelpDAO hacking incident. The plaintiffs plan to use these assets to enforce unpaid judgments related to cases of terrorism, kidnapping, and other incidents attributed to North Korea over the years. The court has classified Arbitrum DAO as an "unincorporated association" that can be held accountable and noted that its Security Council has the ability to take emergency actions. Members who refuse to cooperate may face legal consequences such as contempt of court. Market observers suggest that this case could become a significant precedent for the U.S. judicial system in directly regulating DAO governance, highlighting the compliance pressures faced by DeFi protocols.
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