Today2h ago
Project update
Arbitrum DAO Approves $71M ETH Release to DeFi United

Arbitrum DAO Approves $71M ETH Release to DeFi United

The Arbitrum DAO voted 100% YES, 16.9M ARB in favor to release 30,766 ETH frozen by its Security Council following the Kelp DAO exploit, directing the funds to DeFi United, the Aave-led recovery coalition assembled to restore rsETH's backing and close bad debt.


However, a US federal court issued a restraining order on April 30, just before the vote concluded, blocking the actual transfer of the ETH pending legal resolution.