Scan to download
BTC $80,677.38 +1.31%
ETH $2,259.98 -0.13%
BNB $684.06 +2.19%
XRP $1.47 +2.64%
SOL $91.48 +0.82%
TRX $0.3515 +0.18%
DOGE $0.1147 +1.13%
ADA $0.2680 +1.45%
BCH $434.54 +0.23%
LINK $10.36 +1.44%
HYPE $46.53 +19.61%
AAVE $96.83 +0.36%
SUI $1.14 -2.98%
XLM $0.1598 +0.81%
ZEC $544.41 +3.67%
BTC $80,677.38 +1.31%
ETH $2,259.98 -0.13%
BNB $684.06 +2.19%
XRP $1.47 +2.64%
SOL $91.48 +0.82%
TRX $0.3515 +0.18%
DOGE $0.1147 +1.13%
ADA $0.2680 +1.45%
BCH $434.54 +0.23%
LINK $10.36 +1.44%
HYPE $46.53 +19.61%
AAVE $96.83 +0.36%
SUI $1.14 -2.98%
XLM $0.1598 +0.81%
ZEC $544.41 +3.67%

cati

U.S. judge postpones hearing on Aave's application to unfreeze $71 million in stolen ETH

U.S. Judge Margaret M. Garnett in New York postponed the ruling on Aave's emergency application on Wednesday, which aims to unfreeze $71 million in ETH related to the Kelp DAO hacking incident, and requested both parties to submit supplemental briefs before the hearing on June 5. Aave is attempting to reclaim the $71 million in ETH frozen on Arbitrum to assist in the asset recovery efforts from this hacking incident—Kelp DAO suffered losses of up to $293 million from the hack, making it one of the most severe security incidents in the DeFi space this year.However, the U.S. law firm Gerstein Harrow LLP submitted a restraining order to the court in early May, claiming that its client has rights to the aforementioned funds. Aave then filed an emergency motion to lift the freeze, warning that if the funds are not released in a timely manner, it could lead to user liquidations and potentially impact the entire DeFi market. Judge Garnett noted in her ruling that Aave failed to adequately explain how user funds would incur "compound losses" if the restraining order remained in place. She also acknowledged the complexity of the case, the risks faced by the victims, and requested both parties to provide supplemental statements on six key issues, including: whether the hacking transaction is subject to New York state sanctuary principles, the legal distinctions between fraud and theft and what rights the hacker has over the stolen assets, which laws apply to determine the priority of claims for frozen assets, whether constructive trusts are an appropriate remedy, and whether Aave or Arbitrum can identify individual victims and proportionally return assets. Both parties must submit supplemental briefs by May 22.Meanwhile, the overall compensation work for Kelp DAO is progressing. Kelp and Aave announced on Tuesday that the rsETH held by the hacker has been destroyed on Arbitrum, and approximately $278 million in loss tokens will be restored within the next two weeks through the funds of the Aave Recovery Guardian multi-signature wallet. Once the relevant smart contracts are reactivated, all functions of rsETH will return to normal.

Gate's prediction market has completed multiple functional upgrades, with simultaneous expansion of search, classification, and sports derivative gameplay

The digital asset trading platform Gate has announced the completion of a new round of feature upgrades for its prediction market, optimizing multiple modules such as the search system, leaderboard, event classification, and sports gameplay around hot topic discovery, strategy trading, and user interaction efficiency.In this upgrade, Gate has added intelligent search and a "Live & Hot" section, supporting fuzzy keyword matching, hot event recommendations, and real-time hot topic aggregation, helping users discover trading opportunities more efficiently. The platform has also launched a secondary classification system and a "Breaking News" section, covering hot content such as major news, sports events, and cryptocurrency market fluctuations. In the sports prediction market, Gate has introduced derivative gameplay such as point spreads and totals, and optimized the interaction for quick ordering and score selection, further enhancing the trading experience. Additionally, the platform has officially launched a prediction market leaderboard, covering multiple dimensions such as profit and loss, trading volume, and highest profit, strengthening strategy discovery and trading social attributes.Currently, Gate's prediction market has deeply integrated with the Polymarket ecosystem, allowing users to directly access the Polymarket page through the Alpha section on the Gate App homepage and participate in event predictions using USDT in their accounts, further lowering the participation threshold and operational complexity. With a convenient entry point and continuously growing user activity, Gate's performance in the Polymarket partnership channel remains leading, currently ranking in the top three.
app_icon
ChainCatcher Building the Web3 world with innovations.