New York Federal Court Freezes $71M in Ethereum, Funds May Compensate Victims of North Korean Cyber Attacks

A U.S. federal court has ordered the freeze of approximately $71 million in Ethereum assets under the control of a decentralized autonomous organization (DAO). The funds, linked to a hacking incident, are targeted to fulfill outstanding judgments related to terrorism and kidnapping cases involving North Korea. The court asserts the DAO's governance structure holds it accountable.

Read More