Aave LLC has filed an emergency motion to overturn a restriction notice issued by Arbitrum DAO on May 1, 2026, which aims to seize approximately $71 million in ETH. This action follows a ruling from the U.S. District Court for the Southern District of New York related to a case involving assets stolen in a vulnerability incident on April 18. Aave argues that the stolen assets do not confer legal ownership to the thief and that the funds have been recovered to compensate affected users. The freeze, Aave claims, hampers the compensation process. The company has requested the court expedite proceedings and temporarily lift the freeze while continuing to work with the Arbitrum community and DeFi United to facilitate user compensation.
Aave Seeks Court Order to Lift $71 Million ETH Freeze by Arbitrum DAO
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