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Lawyer Seeks to Claim Frozen Ethereum Funds for Victims of North Korean Terrorist Acts
Arbitrum delegates are considering whether to release 30,765 ETH frozen after the rsETH exploit into a recovery effort, but a lawyer for victims of North Korean terrorism has intervened, claiming the funds should be used to satisfy decades-old judgments against the Democratic People's Republic of Korea. The lawyer, Charles Gerstein, has filed a restraining notice under New York law on behalf of t…
May 4, 2026, 11:53 a.m.
Markets
Lawyer Intervenes in Arbitrum DAO Forums on Behalf of North Korean Terror Victims
Arbitrum delegates are considering releasing 30,765 ETH frozen after the rsETH exploit, but a lawyer for victims of North Korean terrorism has intervened, claiming the funds should go to families with outstanding judgments against the Democratic People's Republic of Korea. The lawyer, Charles Gerstein, has filed a restraining notice under New York law, invoking a mechanism that allows creditors t…
May 4, 2026, 11:53 a.m.
Markets
Lawyer Intervenes in Arbitrum DAO Forums to Secure Compensation for Victims of Decades-Old North Korean Terrorist Attacks
Arbitrum delegates are currently deliberating on whether to release 30,765 ETH that was frozen after last month's rsETH exploit as part of a coordinated recovery effort. However, a lawyer representing victims of North Korean terrorism has intervened, stating that the release cannot proceed. The ether in question was stolen from holders of restaked ETH during the April 19 Kelp DAO bridge exploit, …
May 4, 2026, 11:53 a.m.
Markets
Attorney Intervenes in Arbitrum DAO Forums to Claim Frozen Funds for Victims of Decades-Old North Korean Terrorist Acts
Arbitrum delegates are deliberating whether to release 30,765 ETH frozen after the rsETH exploit as part of a coordinated recovery effort. However, a lawyer representing victims of North Korean terrorism has intervened, stating that the funds cannot be released. The lawyer, Charles Gerstein, has filed a restraining notice under New York law on behalf of three sets of judgment creditors with appro…
May 4, 2026, 11:53 a.m.
Markets
Bitcoin Retreats to $79,000 as Tensions Rise Between US and Iran
The price of bitcoin plummeted to $79,074 during late Asian trading hours on Monday, marking a reversal of nearly $1,500 from its intraday high of $80,594, the highest level since January 31. This downturn was triggered by a report from Iran's Fars news agency, which alleged that two missiles had struck a US patrol boat near Jask Island after the vessel failed to heed Iranian warnings to leave th…
May 4, 2026, 11:30 a.m.
Markets
Bitcoin Plunges to $79,000 as Iran Missile Report Sparks Market Volatility
On Monday, the price of bitcoin plummeted to $79,074 during late Asian trading hours, marking a nearly $1,500 decline from its earlier high of $80,594, which was the highest level seen since January 31. This downturn was triggered by a report from Iran's Fars news agency, which alleged that two missiles had hit a US patrol boat near Jask Island after the vessel reportedly failed to heed Iranian w…
May 4, 2026, 11:30 a.m.
Markets
Bitcoin Plunges to $79,000 as ETH, SOL, and DOGE Experience Sharp Declines Amid Iran Missile Report
A sharp decline in bitcoin's value occurred on Monday, with the cryptocurrency dropping to $79,074 after reaching an intraday high of $80,594, the highest level since January 31. The downturn was triggered by a report from Iran's Fars news agency, which alleged that two missiles had struck a US patrol boat near Jask Island. This incident allegedly occurred after the vessel ignored Iranian warning…
May 4, 2026, 11:30 a.m.
Markets
Bitcoin Plunges to $79,000 as Iran Missile Report Sparks Market Volatility, with ETH, SOL, and DOGE Seeing Sharp Declines
The cryptocurrency market experienced a significant downturn on Monday, with bitcoin plummeting to $79,074 in late Asian trading hours, marking a nearly $1,500 decline from its intraday high of $80,594, the highest level seen since January 31. This reversal was prompted by a report from Iran's Fars news agency, which claimed that two missiles had hit a US patrol boat near Jask Island, allegedly a…
May 4, 2026, 11:30 a.m.
Markets
Bitcoin Plunges to $79,000 as Iran Missile Report Sparks Market Volatility
A dramatic turn of events unfolded in the cryptocurrency market on Monday, as bitcoin's price plummeted to $79,074 after reaching an intraday high of $80,594. This sudden drop was triggered by a report from Iran's Fars news agency, which alleged that two missiles had hit a US patrol boat near Jask Island. The news led to a spike in oil prices, with Brent crude surging over 5% to above $113 a barr…
May 4, 2026, 11:30 a.m.
Markets
Bitcoin Plunges to $79,000 as Iran Missile Report Sparks Market Volatility, with ETH, SOL, and DOGE Experiencing Sharp Declines
On Monday, during late Asian trading hours, bitcoin's value dropped to $79,074, marking a nearly $1,500 decline from its intraday high of $80,594, the highest level seen since January 31. This downturn was triggered by a report from Iran's Fars news agency, which alleged that two missiles had hit a US patrol boat near Jask Island after the vessel supposedly ignored warnings from Iran to leave its…
May 4, 2026, 11:30 a.m.