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.
Aave founder Stani Kulechov outlined a 12-month plan focusing on diversifying revenue streams, expanding the GHO stablecoin, and enhancing the Aave App to benefit AAVE token holders. The protocol has generated $141 million in revenue recently, driven...
A $292 million exploit linked to LayerZero revealed significant security flaws in cross-chain bridges, prompting institutional investors to reduce exposure to weaker bridge systems. This led to a $2 billion rotation of liquidity towards more secure i...
Plasma, a Layer-1 blockchain built specifically for stablecoin payments and backed by Tether and Founders Fund, has quickly become the second largest destination for USDT0 stablecoin transfers, accumulating over $27 billion in inflows since its mainn...
MetaMask and Aave have partnered to allow MetaMask Card holders to spend Aave's yield-bearing aUSDC directly at any Mastercard-accepting merchant globally. The system converts only the amount needed at the point of sale, letting the rest of the balan...
Former Ethereum Foundation researcher Dankrad Feist proposed creating a $1 billion ETH-funded advocacy organization aimed at supporting Ethereum's price and competitive position. This comes amid a major talent drain at the Ethereum Foundation, with n...
