Tag: News

Aave Labs has completed the liquidation of the Kelp DAO attacker’s remaining rsETH positions on both Ethereum and Arbitrum.The recovery effort, led by the DeFi United initiative, has now secured approximately 90% of the assets needed to restore full backing for the restaked token.Over 90% of Arbitrum DAO voters support the release of 30,765 ETH currently held in a legal dispute involving a U.S. law firm.Aave Labs announced on Wednesday that it...

Kelp DAO is officially migrating its rsETH liquidity restaking token to Chainlink CCIP, marking the first major exit from LayerZero after the April 18 security breach. The move follows a $292 million exploit where attackers, linked to the Lazarus Group, drained 116,500 rsETH by compromising RPC nodes used in a single-validator setup. A public dispute has erupted between the protocols, with Kelp DAO citing data that 47% of LayerZero...

Strategy Executive Chairman Michael Saylor stated the firm will “probably sell some bitcoin” to fund dividend payments and “inoculate the market.” The company reported a $12.54 billion net loss for Q1 2026, primarily due to a $14.46 billion unrealized fair-value loss on its BTC holdings. CEO Phong Le clarified the firm will sell Bitcoin when “advantageous to the company,” moving away from its previous...