A U.S. District Judge has authorized the transfer of $71 million in Ethereum linked to a North Korean hacking incident to Aave LLC. Judge Margaret Garnett of the Southern District of New York approved the movement of these funds, which were previously frozen on Arbitrum, along with the associated legal restrictions. The decision comes despite plaintiffs' objections, who argued the funds could be used to satisfy judgments against North Korea.
Aave LLC clarified that the assets in question belong to users of the Aave protocol and not to the hackers or any North Korea-linked entities. This ruling allows Aave to manage the funds while adhering to the legal constraints initially imposed on them.
U.S. Judge Approves $71M ETH Transfer to Aave Amid North Korea Hack Concerns
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