Arbitrum DAO approved the release of approximately 30,800 frozen ETH for rsETH recovery efforts.

CoinFeed reported on May 8th that, according to its governance page, the Arbitrum DAO passed an AIP proposal with 90.96% support, approving the release of 30,765.67 ETH previously frozen by the Security Council to compensate rsETH holders affected by the attack. The proposal was jointly initiated by Aave Labs, KelpDAO, LayerZero, EtherFi, and Compound. The funds will be transferred to a designated recovery address signed by multiple parties to restore the asset backing of rsETH. This release is a one-off measure, and Aave Labs has also committed to unconditionally indemnifying all parties involved in any claims that may arise from the freezing and release.