Arbitrum DAO approved a $70M ETH transfer despite a court restraining order, challenging legal authority and risking liability.
Key takeaways
- Arbitrum DAO Moves Forward with $70M ETH Transfer Amid Legal Restraints
- Arbitrum DAO has voted to release $70 million worth of ETH, even though a court-imposed restraining order is still active and no final ruling has been issued. This mov...
- DAO members greenlit the transfer of the frozen ETH, sidestepping the unresolved legal process. The timing and mechanics of the release haven’t been detailed in the sh...
- Immediate reactions from the legal system or other stakeholders have not been reported. The lack of public enforcement steps so far leaves a vacuum of uncertainty. But...
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Canonical source: https://mlxio.com/crypto/arbitrum-dao-defies-court-70m-eth-release
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