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A US law firm is attempting to prevent a Kelp attack that froze ETH transfers, claiming North Korea must pay $877 million in compensation. - CoinFeed
Time 07:38

A US law firm is attempting to prevent a Kelp attack that froze ETH transfers, claiming North Korea must pay $877 million in compensation.

May 4, 2026
CoinFeed News

CoinFeed reported on May 4th that the US law firm Gerstein Harrow LLP has filed for a restraining order in a New York district court to prevent Arbitrum DAO from transferring 30,766 Ethereum (worth over $73 million) frozen in connection with the $292 million Kelp protocol attack. The firm stated that its clients have obtained default judgments against North Korea in three cases in 2010, 2015, and 2016, seeking a total of $877 million in damages and punitive damages, and asserts that its clients have claims against related North Korean assets. Kelp DAO was hacked on April 18th, an attack believed to have been carried out by the TraderTraitor group, part of the North Korean-backed hacking group Lazarus Group.

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