DeFiNeutralCoinDesk · 18h ago7/10
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Arbitrum approves $71 Million ETH release despite U.S. seizure fight
Arbitrum's DAO governance voted to approve the release of $71 million in ETH that was previously frozen due to an exploit, directing it toward an Aave-led recovery effort. However, Arbitrum's governance mechanics impose an eight-day minimum delay before any transfer can occur, and the decision faces potential complications from ongoing U.S. government seizure efforts.
$ETH$AAVE$ARB