Emergency Hearing to Decide Fate of $71M in Frozen Crypto

An emergency hearing on Wednesday in New York could determine if relatives of a slain South Korean minister are entitled to $71 million in crypto frozen by Arbitrum DAO, according to DL News. The assets were part of nearly $300 million stolen from Kelp DAO by North Korean hackers in April. Aave LLC has filed a motion to lift a restraining order preventing the transfer of these assets, arguing they belong to Aave Protocol users, not North Korea. The hearing follows a vote by Arbitrum DAO to transfer the assets to a recovery fund.