Aave service providers have published an Aave DAO governance proposal to contribute 25,000 ETH to the ongoing DeFi United effort. Aave DAO's ETH contribution would go towards the plan to restore rsETH's backing to try and normalize market conditions as quickly as possible. DeFi United. https://governance.aave.com/t/arfc-rseth…

After serving the Cardano ecosystem since 2021 and sharing an incredible journey with thousands along the way, we’ve reached a point where the JPG Store & Comet platforms have to be sunset. While we deeply value the people who have supported us, the platforms have reached a stage where they are no longer sustainable to operate. JPG Store & Comet will continue to be online until the 23rd of May. After which, the website will be shut down, though the smart contracts will continue to live on. 🧵1/6

User protection is a core promise of CoW Swap. We are therefore proposing a discretionary grants program so that victims of the April 14 DNS hijacking incident can be made whole as quickly as possible. Proposal details can be found on the CoW DAO forum, here: https://forum.cow.fi/t/cip-draft-discret… Note that because of the high sums involved in the incident, this proposal will need to pass governance to go into effect. Please signal your support or give feedback directly in the forum.

Aave is my life's work and we're working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible. DeFi United.

Update on rsETH incident: rsETH reserves have been paused across Ethereum Core, Arbitrum, Base, Mantle, and Linea. This was done with the objective of recovering additional funds as the recovery plans progress. We will keep the community updated on the next steps as the efforts continue.

The KelpDAO hacker has swapped nearly all of its 75,700 ETH holdings, worth about $175 million, into BTC over roughly a day and a half. The cross-chain swaps were primarily routed through THORChain. Due to the sheer size of the transactions, the laundering activity also generated about $800 million in volume and roughly $910,000 in platform fee revenue for THORChain. Source: https://x.com/EmberCN/status/20471168529…

North Korea’s crypto playbook is evolving, and it's still working. Two recent @CoinDesk pieces featuring @aurbelis show how these attacks are becoming more coordinated, more repeatable, and harder to defend against. 🧵