Key Takeaways:
Aave filed a May 4 motion to vacate a court order freezing $71 million in ETH recovered from a recent exploit. ZachXBT alleged the freeze involves fraudulent claims, impacting trust across the Arbitrum DAO ecosystem. Aave seeks an expedited hearing and demands that the plaintiffs post a $300 million bond to maintain the freeze. Emergency Motion Filed to Unfreeze Assets“A thief does not gain lawful ownership of stolen property simply by taking it, and the law is clear on this,” Aave stated. “Those assets were recovered to be returned to users victimized in the April 18, 2026, exploit. Freezing them harms the very people this recovery effort is designed to protect.”
In its motion, Aave said that if the court does not immediately vacate the restraining notice, it should schedule an expedited briefing and hearing for Aave’s emergency application. Additionally, Aave is asking the court to require the plaintiffs to immediately post a cash bond of at least $300 million as a condition for maintaining the restraining notice.
