hodler

6 May 2026, 06:43

Colombian president says Bitcoin mining could transform country's Caribbean coast

The Colombian president pointed to the impact Bitcoin mining has had in Paraguay, which is now the fourth-largest Bitcoin mining country by hashrate.

6 May 2026, 06:27

Frozen ETH worth $71 million faces new court battle

🕵️ $71 million in ETH remains frozen after an Aave platform hack. Lawyers now argue the incident was fraud, not theft, to transfer the ETH to terrorism victims. 🔑 Key point: The legal strategy hinges on using U.S. Continue Reading: Frozen ETH worth $71 million faces new court battle The post Frozen ETH worth $71 million faces new court battle appeared first on COINTURK NEWS .

6 May 2026, 05:52

Saylor Just Said the Unthinkable

Executive Chairman Michael Saylor has floated the idea of liquidating a portion of the company's massive 818,334 Bitcoin treasury.

6 May 2026, 05:30

Aave Challenges $71M Freeze, Seeking Fast Ruling to Restart Restitution for Users

On May 4, decentralized finance protocol Aave filed an emergency motion to lift a restraining notice that has frozen $71 million in recovered ethereum. Key Takeaways: Aave filed a May 4 motion to vacate a court order freezing $71 million in ETH recovered from a recent exploit. ZachXBT alleged the freeze involves fraudulent claims, impacting

6 May 2026, 04:00

Ethereum Freeze Battle Intensifies As Aave Seeks Restraining Notice Lift

A $300 million bond demand is now at the center of a legal fight over 30,766 Ethereum frozen in the wake of April’s Kelp DAO hack — and a New York court will decide whether the funds stay locked or flow to victims. DeFi Protocol Takes Legal Action Aave filed an emergency motion in a New York district court Monday, asking a judge to throw out a restraining notice that has blocked the Arbitrum DAO from moving the frozen Ethereum. If the court won’t act immediately, Aave’s lawyers want the law firm behind the notice — Gerstein Harrow LLP — to post a $300 million bond just to keep the freeze in place. No hearing date has been scheduled. A judge has not yet ruled. Aave LLC has filed an emergency motion to vacate a restraining notice served on Arbitrum DAO on May 1, 2026 that attempts to seize approximately $71 million in ETH belonging to victims of the April 18 exploit. A thief does not gain lawful ownership of stolen property simply by… pic.twitter.com/NwgKIdU1L7 — Aave (@aave) May 4, 2026 The restraining notice was served by Gerstein Harrow on Friday. The firm argues its clients hold more than $877 million in default judgments against North Korea and that the hackers behind the Kelp exploit were North Korean operatives. Based on that claim, the firm says its clients have a legal right to the frozen assets. Aave’s legal team pushed back hard. A thief, they said, does not acquire ownership of property simply by taking it. They also challenged the core premise of Gerstein Harrow’s argument — that North Korea carried out the hack — calling it “conjecture from posts on the internet” rather than established fact. Victims Waiting As Arbitrum DAO Votes The Kelp DAO hack took place on April 18, 2026 and resulted in losses of roughly $292 million. In the weeks since, the Arbitrum DAO has been weighing a proposal to release the frozen ETH to DeFi United, a coordination effort aimed at making rsETH holders whole and restoring the token’s backing. That vote closes May 7. Gerstein Harrow’s restraining notice arrived just days before the deadline, halting any transfer while the legal question is sorted out. Reports indicate the notice effectively placed Arbitrum DAO in a legal bind — it cannot move the funds without risking contempt, even as the community vote moves forward. Aave argued the delay is causing damage that money cannot fix. Users whose frozen assets were being used as loan collateral on other platforms may not be able to meet those obligations while the Ethereum sits locked. According to court filings, Aave warned that continued restraint could destabilize the wider DeFi market, not just the Kelp victims. A Pattern Of Claims Tied To North Korea Hacks This is not the first time Gerstein Harrow has pursued this kind of case. The firm has filed similar restraining actions tied to assets from the 2023 Heco Bridge hack and the 2025 Bybit exploit, each time arguing that frozen funds linked to North Korean hackers should flow to its clients rather than to affected users or platforms. Featured image from Unsplash, chart from TradingView

6 May 2026, 01:30

Trump-Linked WLFI Files Major Defamation Lawsuit Against Billionaire Justin Sun

Justin Sun called it a “meritless PR stunt.” World Liberty Financial, or WLFI called it a lawsuit. Related Reading: Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation WLFI Vs. Sun: A Public Feud Goes Legal The Trump-affiliated crypto project filed a defamation claim against the Tron founder on Monday, accusing him of running a deliberate campaign to trash its reputation and push its token price down. According to the filing, Sun began making false public statements across media channels and social platforms starting April 12 — statements WLFI says were designed to manipulate sentiment, not raise legitimate concerns. The lawsuit doesn’t come out of nowhere. Sun had been deeply embedded in the project. An entity linked to him bought $30 million in WLFI tokens back in November 2024, and he joined WLFI as an advisor around the same time. The relationship looked solid — until it didn’t. Today, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth. Here’s the story.🧵 — WLFI (@worldlibertyfi) May 4, 2026 Things began to crack when Sun allegedly tried to move his tokens to Binance in violation of the terms he had agreed to. WLFI responded by freezing the assets, citing a contractual right to do so. That freeze, the company says, was not a punishment — it was a protection. Sun launched a defamatory smear campaign in conjunction with press outlets that gleefully shared his lies. Sun’s lies were designed, in his own words, to drive the token price “to shit.” pic.twitter.com/y4wmaTWDyc — WLFI (@worldlibertyfi) May 4, 2026 Sun Fires Back With His Own Lawsuit Sun did not take the freeze quietly. In late April, he sued WLFI first, claiming the company had wrongfully locked up tokens that were once worth $1 billion and stripped him of his voting rights. His lawsuit framed WLFI as the aggressor. WLFI’s defamation claim, filed days later, tells a different story. Based on reports from the filing, WLFI alleges that after the freeze, Sun went public with misleading claims about the project’s governance and suggested there was a secret backdoor in its system. Today, I filed a lawsuit in California federal court against World Liberty Financial to protect my legal rights as a holder of $WLFI tokens. I have always been—and remain—an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly.… — H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) April 22, 2026 The company says those claims ignored disclosures already available in its documentation. It also accuses Sun of using money to spread his message further — allegedly working with influencers and bot accounts to amplify his posts across social media. Sun, for his part, confirmed he is aware of the lawsuit and said he stands by everything he did. He says he expects to win in court. Related Reading: XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide Token Takes A Hit Amid The Drama WLFI’s token briefly jumped 8% after news of the lawsuit broke. But that pop sits against a rougher backdrop — the token had already fallen 15% over the prior week and was down 35% over the past month. The lawsuit asks the court to hold Sun financially accountable for damages tied to the WLFI token. How much that figure could reach has not been disclosed in reports so far. What is clear is that two parties who once shared a business relationship are now fighting that battle in public — and in court. Featured image from Unsplash, chart from TradingView