US Judge Approves $71M Ethereum Transfer to Aave Amid DeFi Recovery Efforts

A U.S. judge has made a crucial ruling in favor of Aave, clearing the final legal obstacle for recovering funds following the KelpDAO exploit on April 18.

The court authorized the transfer of approximately 30,765 ETH, valued at $71 million, to Aave's wallet, allowing the platform to continue its recovery efforts. This decision is a significant step towards resolving the aftermath of the attack and restoring normal loan-to-value ratios on the platform.