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.

Nouns DAO has been captured. @GlitterProtocol founder @0xdusk_eth and anon conspirators like @0xjanedoe2008 @makenounsgreatagain have finally fully taken over @nounsdao After not voting on props for months (which has made it nearly impossible to pass proposals), they've collected enough votes to make decisions for the DAO as a small group and have all come out to vote over a new reserve auction price for Nouns at 4x higher than our daily auction. This act will likely halt income, burn daily Nouns, prevent new buyers/voters, and help them maintain a "book value" through not passing proposals and not diluting their past buys more. IMO this is a sad day for Nouns and I don't think there is much coming back from a move like this. Although we may have been doomed anyways from their lack of vision and ideas to actually make Nouns better besides staking eth with their friends at @mETHProtocol 🫠 cc @zachxbt

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.

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.

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…

The past few days have been intense, but I wanted to give some updates as we continue to work on this. Our priority is our users, and every decision we are making is aimed at an orderly return to normal market conditions and the best possible outcome for everyone involved. Working around the clock, the team has made progress on multiple paths forward with several partners. The Arbitrum Security Council also recovered $70 million in ETH, which could meaningfully reduce the potential exposure, and multiple discussions and solutions are being considered. I am confident we will move towards a strong resolution. Reviewing what happened and learning from it matters. But pointing fingers is not something that gets us to the other side of this. Every bit of my energy right now is focused on the outcome for Aave users and the protocol. Aave has been my life's work, and this is an important moment for DeFi as much as it is for Aave. I am deeply grateful for the support and collaboration we have received from builders and partners across the industry. We’ll get through this together and we’ll continue to publish updates on @aave as they happen.