hodler

5 May 2026, 03:51

Aave files emergency motion to lift restraining notice on frozen ETH

Aave argued that a thief doesn’t gain lawful ownership of property by stealing it and that Gerstein Harrow’s legal argument “defies logic, common sense and the law.”

4 May 2026, 22:50

Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands Risk

According to Certik’s Stefan Muehlbauer, the recent indictment of an Army sergeant for using nonpublic information to bet on Polymarket establishes a precedent: misappropriating government or corporate data now carries the same legal weight as Wall Street securities fraud. Key Takeaways: The DOJ charged Army Sgt. Van Dyke for using classified data to net over

4 May 2026, 21:15

K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot

K Wave Media is shifting $485 million in funding from its Bitcoin treasury strategy towards an AI infrastructure play.

4 May 2026, 20:45

Aave moves to unfreeze $73 million in ETH as court battle complicates Kelp DAO recovery

Aave LLC is asking a U.S. federal court to lift a restraining order that has frozen roughly $73 million in Ether (ETH) recovered after the Kelp DAO exploit. In an emergency motion filed on May 4 in the U.S. District Court for the Southern District of New York, the lending protocol said the funds should go back to users who lost money in the attack, not be held to satisfy unrelated terrorism judgments. From exploit to courtroom The dispute traces back to an April 18 exploit involving Kelp DAO’s rsETH token, a liquid staking derivative representing staked ether. An attacker allegedly abused a flaw in a cross-chain bridge, a system that allows assets to move between blockchains, to borrow around $230 million in ether from Aave users using unbacked collateral. Within days, the Arbitrum Security Council stepped in, identifying wallets tied to the attacker and moving 30,766 ether into a controlled address. The recovery was seen as a rare early win in a sector where stolen funds are often difficult to claw back. But that momentum stalled on May 1. Lawyers representing U.S. nationals with terrorism-related claims against North Korea secured a restraining notice that effectively froze the recovered funds, Cryptopolitan reported. Their argument hinges on the alleged involvement of the Lazarus Group—a hacking collective widely linked by authorities to Pyongyang. In court filings, the plaintiffs said the crypto assets qualify as “property in which a terrorist party has an interest,” opening the door for seizure under U.S. laws designed to compensate victims of state-sponsored terrorism. Aave pushes back Aave argues that reasoning goes too far. While the platform acknowledges the seriousness of the claims, it says the legal theory risks redirecting stolen funds away from the actual victims of the exploit. It also disputes whether the Lazarus Group attribution has been definitively proven. “A thief does not own what he steals,” Stani Kulechov said in a post on X on May 4. “These funds belong to the affected users they were stolen from.” In its filing, Aave described the frozen assets as “traceable proceeds of theft,” and urged the court to either lift the order or require the plaintiffs to post a $300 million bond if the freeze remains in place. Recovery effort in limbo The frozen ether sits at the heart of a broader industry response. Aave Labs and partners, including Kelp DAO, LayerZero, and others, formed a coalition—dubbed “DeFi United”—to stabilize the ecosystem after the attack. So far, the group has raised more than 137,700 ether, worth about $327 million, to help restore backing for rsETH holders. But the recovery plan assumes the release of the seized 30,766 ether now caught in legal limbo. Before the court order, Arbitrum DAO participants had already begun voting to transfer the funds into a multi-signature wallet overseen by ecosystem stakeholders and security firm Certora. The proposal drew overwhelming support—but it is now effectively on hold. Legal observers say the DAO has little room to act independently while the order is in force. “Arbitrum DAO is not allowed to do anything with the KelpDAO funds for now, until a divestiture hearing,” said Gabriel Shapiro in a post on X. A broader legal test for DeFi At its core, the case highlights a growing tension: when decentralized systems take coordinated action, such as freezing funds, do they begin to resemble traditional financial intermediaries in the eyes of the law? A forthcoming divestiture hearing will decide who ultimately controls the assets. Until then, the funds remain frozen, caught between two competing claims: victims of a crypto exploit and creditors seeking compensation for acts of state-sponsored terrorism. The outcome could shape how courts treat DAO-governed assets in future disputes, particularly when those assets are secured or immobilized through collective action. Meanwhile, parts of the stolen ether remain in motion elsewhere, with blockchain analysts tracking funds as they are routed through laundering channels and converted into stablecoins on other networks. For Aave and its users, the priority is speed. The protocol has asked the court to fast-track proceedings, warning that delays could weaken efforts to make victims whole. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

4 May 2026, 20:05

Bitmine Pushes $13.1 Billion Treasury as 5,180,131 ETH Position Reshapes Crypto Balance

Bitmine Immersion Technologies has unveiled a $13.1 billion treasury, with ethereum comprising roughly $12.1 billion of the total. Key Takeaways: Bitmine reached $13.1 billion in holdings on May 3, 2026, including 5.18 million ETH and 200 Bitcoin. Ranking as the #2 global treasury, Bitmine now trades $625 million daily, outpacing firms like DoorDash. Thomas Lee

4 May 2026, 20:02

Why XRP Will Succeed Even If the Clarity Act Dies In Congress

The crypto industry is watching the CLARITY Act stall in the Senate, and some legal experts are predicting it may not pass at all. For most digital assets, that is a serious problem. Crypto expert Dr. Kamilah Stevenson says XRP is a different case entirely. What the CLARITY Act Is The Digital Asset Market Clarity Act of 2025 passed the House in July 2025. It establishes a federal regulatory framework for digital assets, assigning commodities to CFTC oversight and securities to the SEC. The Senate Banking Committee has yet to schedule a markup vote. Senator Bernie Moreno has warned that failure to advance the bill by the end of May could shelve it till further notice . Kamilah explains why XRP is positioned to succeed even if the Clarity Act dies in Congress "XRP does not need the Clarity Act. This is the part that matters most for you who are watching." "When these lawyers say the Clarity Act probably will not pass, that hurts the broader… https://t.co/cXWt4W7ITK pic.twitter.com/CCGtMHrbrH — Kamilah Stevenson (@iamkamstevenson) May 2, 2026 Why Stevenson Says XRP Stands Apart Stevenson posted a direct message to XRP holders watching the legislative uncertainty. She made her position clear: “XRP does not need the Clarity Act.” Her reasoning centers on what XRP has already secured through the courts and regulators. A federal judge ruled that XRP itself is not a security. The SEC and CFTC then released joint guidance in March that specifically named XRP as a commodity token . These two developments, Stevenson argues, give XRP something the CLARITY Act would otherwise provide. “They did not have to do that,” she said of the regulators. “They chose to.” She addressed the legal commentary, stating, “When these lawyers say the CLARITY Act probably will not pass, that hurts the broader crypto industry. It does not change anything about XRP.” The Infrastructure Already Moving Stevenson pointed to real-world adoption already in progress. Ripple Prime operates inside DTCC clearing operations. Société Générale placed its regulated Eurostablecoin on the XRP Ledger . South Korea piloted the first tokenized government bond settlement using Ripple. Japan ran live production payments at 60% cheaper than SWIFT. None of those developments depend on the CLARITY Act, and they are all live and active now. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What this Means for Holders Stevenson’s message targets XRP holders who expected the CLARITY Act to serve as the primary catalyst. Her position is that the regulatory foundation XRP needed was built through litigation and administrative action, not legislation. Ripple CEO Brad Garlinghouse made similar comments at the recent conference in Las Vegas, reminding the community that XRP already has regulatory clarity . The court ruling and the joint SEC/CFTC guidance are permanent on record. Institutional adoption is proceeding on that foundation. The CLARITY Act still matters for the crypto industry as a whole. Passage would lock XRP’s commodity status into federal statute, making it resistant to future regulatory reversal. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Why XRP Will Succeed Even If the Clarity Act Dies In Congress appeared first on Times Tabloid .