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Arbitrum Security Council freezes $72M stolen in North Korean crypto hack, plans fund redistribution via DAO vote.

Market News
05 May 2026
Blockonomi
View Source
Bearish
pluang ai news

The Arbitrum Security Council froze $72 million in stolen crypto funds traced to North Korean hackers following a Kelp DAO bridge attack that also affected Aave. This marks the council's first direct use of emergency powers to halt stolen assets, shifting from protocol fixes to social consensus intervention. The recovered funds will be redistributed to victims through a decentralized vote by Arbitrum DAO token holders. Council member Griff Green highlighted that operational security flaws like leaked private keys and social engineering pose greater risks than smart contract bugs, urging tighter controls on liquid staking tokens and improved industry security standards.

More News (AAVE)

Morpho jumps 20% on platform upgrades, leading crypto gainers amid mixed market moves.

Morpho jumps 20% on platform upgrades, leading crypto gainers amid mixed market moves.

Morpho surged 20.10% to $2.75, topping the gainers chart after recent platform upgrades boosted interest in its decentralized lending solutions. Its market cap reached $1.81 billion. Other notable gainers include Pudgy Penguins, Lighter, Aave, and NE...

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LayerZero to end off-chain support for 14 low-activity chains by September, risking stranded assets.

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LayerZero announced it will withdraw off-chain support for 14 low-activity blockchain networks, including Arbitrum Nova, by September. This move involves deprecating its decentralized verifier network and Executors, which facilitate cross-chain commu...

Market News
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1 day ago
Aave deposits reach $30B, signaling a strong liquidity recovery in DeFi lending.

Aave deposits reach $30B, signaling a strong liquidity recovery in DeFi lending.

Aave's total deposits have surged to $30 billion, marking a 30% increase in Q3 2026 and signaling a recovery in liquidity for the DeFi lending platform. Active loans stand at about $10 billion, showing significant capital use within the ecosystem. Th...

Protocol Fundamentals
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1 day ago
Aave's AAVE jumps 25% as TVL hits $18B, but mixed trader signals suggest caution ahead.

Aave's AAVE jumps 25% as TVL hits $18B, but mixed trader signals suggest caution ahead.

Aave's token AAVE surged nearly 25% following a rise in the protocol's Total Value Locked (TVL) to $18.05 billion, indicating increased capital inflow. User incentives also reached their highest since December 2025, supporting protocol activity. Howe...

Protocol Fundamentals
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Bitcoin Cash jumps 32.2%, leading crypto gains amid rising interest in Bitcoin forks

Bitcoin Cash jumps 32.2%, leading crypto gains amid rising interest in Bitcoin forks

Bitcoin Cash surged 32.2% to $295.41, leading the day's top gainers as investors show renewed interest in Bitcoin forks, which are seen as more scalable alternatives to Bitcoin. Other notable gainers include Zcash (+29.5%), known for privacy features...

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