{"id":96933,"date":"2026-05-08T12:16:18","date_gmt":"2026-05-08T09:16:18","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96933"},"modified":"2026-05-08T12:20:12","modified_gmt":"2026-05-08T09:20:12","slug":"arbitrum-dao-approves-70-million-transfer-to-defi-united-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arbitrum-dao-approves-70-million-transfer-to-defi-united-fund\/","title":{"rendered":"Arbitrum DAO Approves $70 Million Transfer to DeFi United Fund"},"content":{"rendered":"

The community of the L2<\/a> network Arbitrum<\/a> has endorsed the transfer of 30,765 ETH, valued at $70 million, to the DeFi United<\/a> fund.\u00a0<\/p>\n

\"image\"
Source: snapshot.org<\/a>.\u00a0<\/figcaption><\/figure>\n

In April, the project froze<\/a> these funds at the address of a hacker who breached<\/a> the Kelp protocol, transferring them to an “intermediate frozen wallet.” In early May, Arbitrum DAO initiated<\/a> a vote to transfer the funds to cover the attack’s damages.\u00a0<\/p>\n

The proposal was supported by 90.96% of participants, with about 9% abstaining. Upon approval, Arbitrum will become the largest donor to DeFi United. However, the final fate of the 30,765 ETH will be decided by the court.\u00a0<\/p>\n

\"image\"
Source: defiunited.world<\/a>.\u00a0<\/figcaption><\/figure>\n

Legal Uncertainty\u00a0<\/h2>\n

On May 1, a US court prohibited<\/a> Arbitrum from unfreezing the funds stolen by hackers. The assets are claimed by victims of North Korean terrorists, who seek the coins as compensation for incidents dating back to 2015.\u00a0<\/p>\n

Lawyer Gabriel Shapiro previously noted that the project’s DAO cannot dispose of the ETH without a separate court hearing.\u00a0<\/p>\n

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if you want some more info on the Arbitrum legal action, here’s the actual court order (yes, there is a real court order, not just ‘a letter from a lawyer’) and a Claude summary<\/p>\n

TLDR, the plaintiffs’ lawyers did indeed effectuate a facially *legally binding* freeze on the\u2026<\/p>\n

\u2014 _gabrielShapir0 (@lex_node) May 2, 2026<\/a><\/p><\/blockquote>\n