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 a déposé une requête auprès d'un tribunal pour récupérer 71 millions de dollars en ether gelés après une attaque sur le réseau Arbitrum. L’article Aave attaque en justice pour débloquer 71 millions $ liés à des pirates nord-coréens est apparu en premier sur Journal du Coin.
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.
The Arbitrum Security Council has frozen 30,766 ETH ($71.5 million) allegedly linked to the KelpDAO exploit that stole $292 million on April 18. The emergency action, taken after law enforcement provided information about the exploiter's identity, moved the funds to an intermediary wallet accessible only through Arbitrum governance votes. The freeze has sparked debate over layer-2 governance trade-offs between rapid security response and decentralization.
Arbitrum's emergency response to the KelpDAO exploit has sparked praise and criticism over the network's ability to freeze stolen assets.
Griff Green, a member of Arbitrum’s security council, said the group acted with input from law enforcement and “did not make this decision lightly."
Ethereum 2. katman ağı Arbitrum, cumartesi akşamı yaşanan KelpDAO saldırısıyla bağlantılı bir adres tespit etti. Güvenlik Konseyi, adresteki 30.766 ETH'ye (71.5 milyon dolar) el koyarak Ether'leri başka bir adrese transfer etti. Güvenlik güçleriyle yapılan görüşmeler sonucunda hacker'ın kimliğine ilişkin bilgiler edinildi. Uzmanlar saldırının arkasında Kuzey Koreli Lazarus hacker grubunun olduğunu iddia ediyor.
