A New York federal judge ordered additional legal briefing before a June hearing on frozen Ethereum tied to the Kelp DAO exploit, extending the dispute over Aave’s request and competing creditor claims.
A New York federal judge postponed a decision on Aave’s request to release $71 million in frozen ETH linked to the Kelp DAO exploit, instead directing both sides to submit additional legal arguments ahead of a June hearing. The court previously set supplemental briefs for May 22 and scheduled a hearing for June 5. The dispute involves competing claims over the frozen funds, with Gerstein Harrow arguing that its clients hold creditor rights to the assets. The case underscores how crypto assets tied to exploits can become entangled in court fights over ownership, recovery, and creditor priority.