Arbitrum DAO Approves $70M ETH Release to Kelp Exploit Fund
The DAO vote was near-unanimous, but a May 1 federal order tied to North Korea-related judgments freezes the path to DeFi United, leaving Aave's $190M bad debt in legal limbo.
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The DAO vote was near-unanimous, but a May 1 federal order tied to North Korea-related judgments freezes the path to DeFi United, leaving Aave's $190M bad debt in legal limbo.
Florent's rescue returns roughly $2M to original investors who had no path to the funds — a rare happy ending in an era dominated by exploit losses.
Aave has proposed contributing 25,000 ETH to DeFi United, a collective effort to plug the hole left by the Kelp DAO…
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