AFX Trade, an Arbitrum-based perpetuals exchange, lost $24.15 million in a USDC bridge exploit. The protocol halted the bridge and offered the attacker a 30% white hat bounty for returning 70% of the funds, which were swapped for 12,468 ETH.
Un hackeur a dérobé 24,15 millions de dollars en USDC du pont inter-chaînes d'AFX Trade sur Arbitrum le 22 juillet, en compromettant des clés de validateurs. L'attaque, un "braquage à l'ancienne" sans faille de code, souligne la vulnérabilité des bridges DeFi.
Hackers stole over $31.6 million across two separate crypto bridge exploits targeting AFX and Verus Protocol within hours. Blockaid reported AFX lost $24.15 million and Verus Ethereum Bridge lost $7.5 million, highlighting ongoing security risks for cross-chain bridges.
Hackers stole over $31.6 million in two separate crypto bridge exploits targeting AFX's Arbitrum bridge ($24.15M) and the Verus Ethereum Bridge ($7.5M) within hours. Blockaid detected both attacks, with the AFX incident likely due to compromised validator keys, underscoring persistent security risks for cross-chain bridges.
Bernstein analysts raised Robinhood's (HOOD) price target to $160, maintaining an Outperform rating, based on their view that tokenized equities and prediction markets, rather than traditional crypto, will drive its next growth phase. They project significant revenue growth from prediction markets and see tokenized real-world assets as a major long-term opportunity, with other financial institutions also expanding tokenization infrastructure.
Robinhood has launched its Ethereum layer-2 blockchain, Robinhood Chain, built with Arbitrum technology. The network supports tokenized real-world assets like stocks and ETFs, and integrates with DeFi applications, aiming to expand financial ownership globally.
Robinhood Chain's new mainnet has seen significant retail activity, primarily driven by the memecoin CASHCAT, which reached a $150 million market cap. The chain's open architecture allowed CASHCAT to gain traction on external DEXs, bypassing Robinhood's app-listing process.
Robinhood lance Robinhood Chain, un Layer 2 d'Ethereum basé sur Arbitrum, et une nouvelle génération de Stock Tokens utilisables en DeFi. L'objectif est de rapprocher marchés traditionnels et crypto.
Robinhood has launched the public mainnet of Robinhood Chain, an "AI-native" Ethereum layer-2 network. The Arbitrum-powered network aims to bridge traditional finance and DeFi, starting with Stock Tokens and supporting AI agent trading. Shares rose over 8% on the news.
LG Electronics is developing a new digital advertising platform using its own layer-2 blockchain network in collaboration with Arbitrum. The platform aims to streamline ad placement, buying, and selling by removing intermediaries. LG completed a pilot and is considering a market launch later this year.
LG Electronics collaborates with Ethereum layer-2 network Arbitrum to develop a blockchain-based advertising platform, aiming to increase efficiency and transparency in digital ad transactions by eliminating intermediaries.
The hacker behind the $293 million Kelp DAO exploit has laundered approximately $220 million in stolen funds within six weeks, utilizing crypto mixers Wasabi and Tornado Cash. While $71 million remains frozen, the laundering activity reduces recovery chances. Crypto hacks decreased in May, but DeFi security concerns persist.
Syndicate Labs is shutting down after five years, citing a significantly shrunk market for customizable Ethereum rollups and sequencers. The company noted that custom chains are now often built from scratch, diminishing the value of reusable tech. The SYND token experienced a sharp decline following the announcement.
Kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet.
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.
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.
Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.
The Snapshot vote would move the recovery effort toward a binding onchain Arbitrum governance proposal.
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
Aave filed an emergency motion last week to free millions in frozen ETH from a restraining order issued against the Arbitrum DAO, turning what began as a coordinated exploit recovery into a court dispute. Aave LLC said the restraining notice was served on Arbitrum DAO on May 1 and seeks to seize approximately $71 million […] The post Aave says creditors are trying to seize stolen ETH before victims get their $71M back appeared first on CryptoSlate.
Aave has filed an emergency motion in New York to vacate a restraining notice served by Gerstein Harrow LLP on Arbitrum DAO. The notice aims to block Arbitrum DAO from transferring 30,766 frozen Ether to victims of the Kelp exploit, which Aave argues would harm the DeFi ecosystem.
More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed.
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council.
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council.
