Court Greenlights Arbitrum DAO Vote to Move $71M in Recovered Kelp ETH to Aave

BlackRock files $7B Ethereum Treasury fund using ERC-20 tokenized share structure BNY Mellon maintains official on-chain register linking custody with blockchain systems Ethereum becomes settlement layer for tokenized Treasury and stablecoin-linked assets BlackRock has expanded its blockchain-linked investment strategy through a new filing tied to its Select Treasury-Based Liquidity Fund. The fund holds roughly $7 […] The post BlackRock Advances Ethereum-Based Treasury Tokenization appeared first on Live Bitcoin News.

Arbitrum can transfer seized KelpDAO ETH to Aave LLC without exposing governance participants to legal liability.

Cardano DRep votes on nine Treasury actions with 17.82M ADA power, including a NO vote on IO’s ₳3.6M DevX proposal. Cardano governance activity moved on-chain after a DRep submitted votes on nine Treasury Withdrawal actions with 17.82 million ADA in voting power.  The DRep said all votes are now recorded on-chain and added that detailed […] The post Cardano Treasury Votes Go On-Chain as DRep Uses 17.82M ADA Power appeared first on Live Bitcoin News.

The post After the $16.5 billion in exploits, DeFi is now being forced toward the controls it once resisted appeared on BitcoinEthereumNews.com. Make CryptoSlate preferred on The rsETH crisis resulted in $200 million in bad debt on Aave’s books, despite not a single line of its contracts misbehaving. On Apr. 18, attackers that Chainalysis preliminarily linked to Lazarus compromised RPC infrastructure, forced a failover to poisoned nodes via DDoS, and injected false data into a 1-of-1 DVN configuration on KelpDAO’s rsETH bridge. The forged message released approximately 116,500 rsETH, and Aave’s incident report confirmed that Ethereum accepted nonce 308 while the Unichain source endpoint never advanced past 307. The attacker supplied the compromised rsETH to Aave and borrowed against it, resulting in bad debt and serving as a frame for the current state of DeFi’s security. Exploiters extracted over $635 million across 28 incidents in April, the worst monthly total in over a year. DefiLl

The post Court Lets Arbitrum DAO Transfer $71M in ETH Tied to North Korea Hack to Aave appeared on BitcoinEthereumNews.com. A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery effort following a North Korea-linked exploit. Judge Margaret Garnett of the Southern District of New York issued the order on Friday, modifying a restraining notice that had locked the assets inside Arbitrum DAO. The modification permits an onchain governance vote to send the funds to a wallet controlled by Aave LLC, and explicitly protects anyone who participates in the transfer from being held in violation of the freeze. The order still keeps the terrorism victims’ legal claim on the funds, meaning Aave can’t use the funds freely and could be forced to hand them over if the court ultimately rules in the terrorism victims’ favor. Judge allows Arbitrum to move funds to Aave. Source: Courtlistener The decision came afte

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A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.

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