TechFlow News, May 14: According to Cointelegraph, a New York judge has postponed the hearing on Aave’s emergency motion to unfreeze approximately $71 million worth of ETH and ordered Aave and Gerstein Harrow LLP to submit additional case briefs. A new hearing is scheduled for June 5. The court noted that Aave had previously failed to sufficiently explain why users’ funds would suffer “collateral losses” if the restraining order remained in effect. The assets in question are linked to the Kelp DAO hack, which involved approximately $293 million and was previously frozen by Arbitrum. The judge also directed both parties to provide further clarification on several legal issues, including the applicable law governing the hacker’s transactions, the legal distinction between fraud and theft, the priority ranking of creditors’ claims, the applicability of constructive trust, and whether assets can be returned to victims on a pro-rata basis.
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