Arbitrum Security Council member says blockchains run on social consensus, not just code

Kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet.

The post Aave vote targets $71M in disputed Kelp exploit ETH appeared on BitcoinEthereumNews.com. An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery. Summary A binding Arbitrum Improvement Proposal was launched May 12 with a vote opening May 15 to transfer 30,765 ETH worth $71 million to Aave LLC. A Manhattan federal judge cleared the transfer path on May 9 but preserved the legal claim of terrorism creditors holding $877 million in unpaid North Korea judgments. The 30,765 ETH was frozen by Arbitrum’s Security Council on April 21 after being linked to the $292 million Kelp DAO exploit attributed to North Korea’s Lazarus Group. Aave and other affected parties launched a binding Arbitrum Improvement Proposal on May 12, opening a governance vote on May 15 that would move 30,765 ETH worth approximately $71 million from Arbitrum’s Security Council wallet to an Aave LLC-controlled address. The vote is the final procedural step needed to unb

The Depository Trust and Clearing Corporation announced May 12 that its Collateral Appchain platform will integrate Chainlink’s Runtime Environment and data standard to automate collateral management across financial markets and blockchains, with a go-live target set for Q4 2026. DTCC Picks Chainlink to Build 24/7 Collateral Management System for Global Markets DTCC‘s Collateral Appchain is […]

The integration could revolutionize financial markets by enhancing efficiency, transparency, and risk management through blockchain technology. The post DTCC taps Chainlink to power 24/7 near real-time collateral management across global markets and blockchains appeared first on Crypto Briefing.

The post Aave And Kelp DAO Push Arbitrum Vote To Transfer $71M In Frozen ETH After Court Order appeared on BitcoinEthereumNews.com. Aave And Kelp DAO Push Arbitrum Vote To Transfer $71M In Frozen ETH After Court Order Skip to content Home Crypto News Aave and Kelp DAO Push Arbitrum Vote to Transfer $71M in Frozen ETH After Court Order Source: https://bitcoinworld.co.in/aave-kelp-dao-arbitrum-vote-frozen-eth/

The post Ink Finance and Renegade report exploits as hackers continue to raid DeFi appeared on BitcoinEthereumNews.com. Two DeFi protocols, Ink Finance and Renegade, have lost a combined $349,000 in separate exploits that occurred in less than two days. Renegade, which raised around $3.4 million in a 2023 seed round led by Dragongly Capital, currently holds over $129,500 in total value locked across its Base and Arbitrum deployments, according to DefiLlama. The protocol held over $338,000 before the hack. Renegade’s TVL dropped sharply after the May exploit. Source: DeFiLlama. Ink Finance has not acknowledged or released any public statements on the exploit. The latest exploits are being seen as an extension of the streak of attacks that made April 2026 the worst month on record for smart contract losses. Ink Finance and Renegade suffer exploits Ink Finance’s exploit was flagged by blockchain security firm Blockaid on May 11. According to Blockaid, the attacker drained approximately $1

Ethereum Foundation's shift from Lido highlights a move towards decentralization, impacting staking dynamics and market liquidity strategies. The post Ethereum Foundation unstakes $49.6M of ETH from Lido in strategic pivot appeared first on Crypto Briefing.

Renegade.fi has recovered about $190,000 after a whitehat hacker exploited a vulnerability in one of its Arbitrum-based dark pools and later returned more than 90% of the stolen assets. Blockchain security firm Blockaid said the exploit drained roughly $209,000 from…