May 8, 2026·Bearish·regulatory legal

US Court Blocks Arbitrum DAO's $71M ETH Release

The Arbitrum DAO recently voted to release $71 million in frozen Ethereum (ETH) originating from the Kelp DAO exploit, intending to return funds to affected users. However, a US court promptly intervened and blocked the execution of this vote, preventing the release of the assets.

Detected & updated continuously · Source: Ruma

Mentioned

Ethereum (eth)

Kelp DAO (kelp)

Arbitrum (arb)

Sources

@MartiniGuyYT

Arbitrum DAO just voted to release $71M in frozen ETH from the Kelp DAO exploit to help users get their money back. A US court stepped in right away and blocked the whole thing. This is a big test of DAO power versus real-world law. The community said yes, but the court said https://t.co/YyYDzmP9pr