🥷 Arbitrum Freezes 30,766 ETH Linked To Suspected North Korean Aave, KelpDAO Exploiters. link
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🏦 Senator Tom Tillis, a key participant in the negotiations in the Senate Banking Committee on the passage of the Digital Asset Market Structure Bill, told journalists that he does not expect hearings on amendments and a vote on the bill to take place in April. link
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🕵️ MEXC Still Holds $347m USDT Position on Aave v3, Remaining the Largest Known Entity
Since 2:23 UTC on April 19, MEXC has been gradually withdrawing funds from Aave in single transactions ranging from hundreds of thousands to millions of dollars.
As of 4:00 UTC on April 21, MEXC’s multiple addresses still hold ~$347m in USDT (aUSDT) awaiting withdrawal on Aave, making it the largest known entity currently.
In addition, CoinEx holds a $151m USDT position on Aave, while Kiln holds ~$165m USDT on Aave. link
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Since 2:23 UTC on April 19, MEXC has been gradually withdrawing funds from Aave in single transactions ranging from hundreds of thousands to millions of dollars.
As of 4:00 UTC on April 21, MEXC’s multiple addresses still hold ~$347m in USDT (aUSDT) awaiting withdrawal on Aave, making it the largest known entity currently.
In addition, CoinEx holds a $151m USDT position on Aave, while Kiln holds ~$165m USDT on Aave. link
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💰 Bybit Leads Funding Round for Malaysian Cryptocurrency Platform Hata - Cointelegraph link
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📊 Dragonfly Partner: Aave Has Enough Capital to Absorb Bad Debt
Dragonfly Managing Partner Haseeb stated that DeFi has withstood severe shocks like the 2020 liquidation failures, the Terra collapse, and the 2022 stETH depeg. He believes current risks do not pose a systemic threat, noting protocols like Aave have sufficient capital to absorb bad debt. link
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Dragonfly Managing Partner Haseeb stated that DeFi has withstood severe shocks like the 2020 liquidation failures, the Terra collapse, and the 2022 stETH depeg. He believes current risks do not pose a systemic threat, noting protocols like Aave have sufficient capital to absorb bad debt. link
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🇰🇷📊 South Korea's largest crypto exchange Upbit will list USD AI (CHIP) on April 21, with trading pairs against KRW, #BTC, and $USDT on the Arbitrum One network. Deposits and withdrawals are scheduled to open at 21:00, followed by trading at 22:00. USD AI is a synthetic dollar protocol backed by AI infrastructure assets such as GPUs. link
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🇰🇷🏦 The new head of the Bank of Korea promises to promote central bank digital currencies (#CBDC) and deposit tokens, but did not mention stablecoins. #stablecoin link
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📊 Dune Analyzes LayerZero OApp Security: 47% Rely on Minimum 1-of-1 DVN Setup
According to Dune, following the KelpDAO hack, it analyzed the DVN security configurations of active OApps on LayerZero over the past 90 days. The data reveals that among approximately 2,665 unique OApp contracts:
- 47% run on the 1-of-1 DVN security floor
- 45% use 2-of-2
- Only about 5% use 3-of-3 or higher configurations
Notably, KelpDAO's rsETH falls into the lowest 1-of-1 security category. #hack link
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According to Dune, following the KelpDAO hack, it analyzed the DVN security configurations of active OApps on LayerZero over the past 90 days. The data reveals that among approximately 2,665 unique OApp contracts:
- 47% run on the 1-of-1 DVN security floor
- 45% use 2-of-2
- Only about 5% use 3-of-3 or higher configurations
Notably, KelpDAO's rsETH falls into the lowest 1-of-1 security category. #hack link
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💵 1,000,000,000 $USDT (1,000,275,000 USD) minted at Tether Treasury link
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🕵️ USDT (TRC20) Total Supply Hits New All-Time High
The total supply of Tether (USDT) on the Tron network has reached a new all-time high of 86.7 billion. From an on-chain perspective, a surging stablecoin supply is a strong bullish signal. #stablecoin link link
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The total supply of Tether (USDT) on the Tron network has reached a new all-time high of 86.7 billion. From an on-chain perspective, a surging stablecoin supply is a strong bullish signal. #stablecoin link link
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🏦 European banks turn to Fireblocks to issue a stablecoin in euro that complies with MiCA requirements. #stablecoin link
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🕵️ Curve Founder Calls for Industry-Wide DeFi Security Standards
Curve founder Michael Egorov emphasizes the need for industry-wide DeFi security standards to mitigate recent hacks linked to centralized vulnerabilities. He referenced the Aave and rsETH incidents and urged projects, auditors, and risk teams to collaborate on best practices, proposing that the Ethereum and Solana Foundations spearhead the creation of these safety guidelines. link
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Curve founder Michael Egorov emphasizes the need for industry-wide DeFi security standards to mitigate recent hacks linked to centralized vulnerabilities. He referenced the Aave and rsETH incidents and urged projects, auditors, and risk teams to collaborate on best practices, proposing that the Ethereum and Solana Foundations spearhead the creation of these safety guidelines. link
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