🥷 According to a recent Ethereum Foundation grant review, "Ketman" is a project focused on identifying North Korean hackers in the crypto industry. The team contacted approximately 53 projects and discovered around 100 active DPRK IT workers who often forge Japanese IDs to secure remote Web3 tech jobs. Ketman is now helping crypto teams establish "honeypots" during the interview process to filter out these malicious actors. link
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📊📉 $BTC on-chain activity just hit an 8-year low
Active addresses matching 2018 bear market bottom. Retail gone. Tourists out. Institutions quietly absorbing - 4.37M BTC now in long-term wallets.
In 2018, maximum apathy preceded the entire bull run. The quiet before the storm.
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Active addresses matching 2018 bear market bottom. Retail gone. Tourists out. Institutions quietly absorbing - 4.37M BTC now in long-term wallets.
In 2018, maximum apathy preceded the entire bull run. The quiet before the storm.
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📊 ZachXBT highlighted RAVE as a clear example of market manipulation, alongside other suspicious projects like SIREN, MYX, COAI, M, PIPPIN, and RIVER. He emphasized the need for exchanges to act swiftly against such manipulations, noting that delays lead to losses for retail investors while platforms profit from trading fees. ZachXBT intends to investigate similar manipulations to identify those responsible. link
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🇺🇸🇮🇷 IRNA Agency: Iran has refused to participate in the second round of negotiations with the US.
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🤔 Binance founder CZ emphasized that the best way to navigate life's lowest points is to keep moving forward. He reflected on the anxiety he faced as a freelance consultant and the pressure during his 2024 court sentencing, noting that situations often improve after a few days.
However, if you recognize you're heading in the wrong direction, it's crucial to pivot decisively. If you feel trapped, consider changing your environment or breaking old habits, such as overspending. link link
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However, if you recognize you're heading in the wrong direction, it's crucial to pivot decisively. If you feel trapped, consider changing your environment or breaking old habits, such as overspending. link link
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🥷 #ETH The ENS-to-web gateway ethlimo published a post-mortem on Saturday tracing its Friday night DNS hijack to a social engineering attack against domain registrar EasyDNS.
EasyDNS publicly owned the breach, calling it the first successful social engineering attack against a customer in the registrar’s 28-year history. #hack link
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EasyDNS publicly owned the breach, calling it the first successful social engineering attack against a customer in the registrar’s 28-year history. #hack link
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🕵️ RaveDAO-linked addresses sell approximately 23 million $RAVE triggering a roughly 35 percent short-term price drop
According to Arkham, a blockchain analytics platform, addresses linked to RaveDAO transferred 10 million RAVE (approximately $10.57 million) and 12.996 million $RAVE (approximately $13.74 million) to Bitget around four hours ago, totaling about 22.996 million $RAVE (approximately $24.31 million).
Following the transfers, $RAVE experienced significant selling pressure, with its price dropping sharply and declining by around 35% over the past 24 hours. link
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According to Arkham, a blockchain analytics platform, addresses linked to RaveDAO transferred 10 million RAVE (approximately $10.57 million) and 12.996 million $RAVE (approximately $13.74 million) to Bitget around four hours ago, totaling about 22.996 million $RAVE (approximately $24.31 million).
Following the transfers, $RAVE experienced significant selling pressure, with its price dropping sharply and declining by around 35% over the past 24 hours. link
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🤔 OneKey Founder Yishi on Handling the KelpDAO Hack
1. Best case: negotiate with the hacker and offer a 10-15% bounty.
2. If talks fail, let the LayerZero ecosystem fund cover most of the loss.
3. KelpDAO is the weakest; compensate with tokens + future revenue, or sell the whole project to L0 or BMNR.
4. Aave’s Umbrella and stkAAVE serve as the final backstop, but WETH depositors must not take any haircut — otherwise it would trigger repricing across Morpho, Spark, Fluid, Euler, blacklist the LRT sector, and set DeFi back by years.
5. He believes Aave can survive this. #hack link
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1. Best case: negotiate with the hacker and offer a 10-15% bounty.
2. If talks fail, let the LayerZero ecosystem fund cover most of the loss.
3. KelpDAO is the weakest; compensate with tokens + future revenue, or sell the whole project to L0 or BMNR.
4. Aave’s Umbrella and stkAAVE serve as the final backstop, but WETH depositors must not take any haircut — otherwise it would trigger repricing across Morpho, Spark, Fluid, Euler, blacklist the LRT sector, and set DeFi back by years.
5. He believes Aave can survive this. #hack link
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🕵️ DeFiLlama Co-founder 0xngmi on Kelp DAO rsETH Hack – 3 Potential Paths:
- Socialize losses across all users
18.5% haircut → ~$216M bad debt on Aave.
Umbrella covers $55M, Aave treasury covers $85M, leaving $76M gap (can be filled by borrowing or selling ~$51M AAVE from treasury).
- Rug rsETH holders on L2s
Creates ~$341M bad debt on Aave (mainly Arbitrum, Mantle, Base).
No Umbrella coverage — Aave would have to absorb everything.
- Compensate using pre-hack snapshot
Very difficult due to heavy fund flows and pooled liquidity.
Even after Umbrella, remaining loss would still be ~$91M. #hack link
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- Socialize losses across all users
18.5% haircut → ~$216M bad debt on Aave.
Umbrella covers $55M, Aave treasury covers $85M, leaving $76M gap (can be filled by borrowing or selling ~$51M AAVE from treasury).
- Rug rsETH holders on L2s
Creates ~$341M bad debt on Aave (mainly Arbitrum, Mantle, Base).
No Umbrella coverage — Aave would have to absorb everything.
- Compensate using pre-hack snapshot
Very difficult due to heavy fund flows and pooled liquidity.
Even after Umbrella, remaining loss would still be ~$91M. #hack link
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