"Aave stated, 'A thief does not gain lawful ownership of stolen property simply by taking it, and the law is clear on this.' The company emphasized that the frozen assets were recovered to be returned to users victimized in the April 18, 2026, exploit."
"The legal action follows a restraining notice served on Arbitrum DAO, which stalled the distribution of funds recovered after an exploit. Aave requested an expedited hearing and a temporary vacatur from the court to resume the restitution process."
"The current legal gridlock threatens to delay the return of capital to thousands of decentralized finance participants, impacting trust across the Arbitrum DAO ecosystem."
Aave filed an emergency motion on May 4 to lift a restraining notice that froze $71 million in recovered Ethereum. This freeze, resulting from a May 1 court order, affects funds intended for victims of an April 18 exploit. Aave argues that freezing these assets harms the victims and that the law does not allow a thief to claim ownership of stolen property. The company seeks an expedited hearing and demands a $300 million bond from plaintiffs to maintain the freeze, emphasizing the urgency of returning funds to affected users.
Read at news.bitcoin.com
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