Overview
- A New York federal judge asked Aave and terrorism-judgment creditors for more legal briefs and set a June hearing before deciding whether to release the frozen ether.
- Arbitrum delegates launched a binding governance proposal on Tuesday, May 12, with voting set to begin Friday, May 15, to move 30,765 ETH to an Aave LLC address.
- Even if token holders approve the transfer, court limits would still apply and Aave could not use or sell the assets without further permission.
- Kelp DAO and Aave have begun restoring rsETH, a restaked-ETH token, after burning the exploiter’s 117,132 rsETH on Arbitrum and starting a two-week refill from recovery wallets.
- Kelp tightened bridge security by requiring four independent attestors and 64 block confirmations and is migrating from LayerZero to Chainlink CCIP, while DeFi groups pledged over $300 million in ETH support including a 30,000 ETH loan from Mantle.