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US court orders Arbitrum DAO to freeze $71M in ETH

A US court has ordered the Arbitrum decentralized autonomous organization (DAO) to freeze approximately $71 million worth of ether (ETH) alleged to be linked to a recent exploit on the Arbitrum layer-2 network, according to Moontok Official. The directive is intended to prevent the movement of the disputed funds while recovery and legal processes related to the incident proceed.
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ETH+0.88%
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