New York Federal Court Orders Arbitrum DAO to Freeze $71 million ETH Linked to North Korean Hackers, Potentially for Compensation to Terror Attack Victims

2026.05.03 17:30:52

On May 3, the U.S. District Court for the Southern District of New York issued a restraining order against Arbitrum DAO, barring it from transferring approximately $71 million worth of ETH assets frozen following the KelpDAO hack. The plaintiff is seeking to use these assets to enforce an unpaid judgment related to North Korea’s history of terrorism, kidnappings, and other cases. Court filings show the plaintiff has applied to serve legal notice on Arbitrum DAO via alternative methods and classifies the entity as a liable "partnership organization." The court also noted Arbitrum DAO has a Security Council governed by ARB token holders, with authority to act in emergencies. If members decline to cooperate, they could face legal consequences including contempt of court. Market participants view the case as a potential landmark example of the U.S. judicial system directly impacting DAO governance structures, again underscoring compliance pressures on DeFi protocols within real-world legal frameworks.

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