Judge Margaret Garnett of the U.S. District Court in Manhattan has granted Aave permission to proceed with its asset recovery plan following the rsETH attack, transferring approximately $71 million worth of ETH previously frozen on Arbitrum to wallets controlled by Aave. Court documents show that this decision modifies the restraining order against the Arbitrum DAO, allowing the community to complete the transfer through on-chain governance voting and exempting it from related legal liability. This incident is related to the April rsETH attack, which was alleged to be linked to the Lazarus Group. The plaintiffs have also sued Railgun DAO and Digital Currency Group (DCG).😃😃😃
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According to Cryptopolitan, the South Korean National Tax Service is developing an AI system costing approximately $2.2 million to track cryptocurrency transactions and combat tax evasion, expected to be completed by the end of 2026. The system will integrate exchange records with blockchain data to identify suspicious transactions such as money laundering, undeclared gifts, and offshore tax evasion, and will be extended to non-custodial wallets. The National Tax Service is currently coordinating details with five major exchanges, including Upbit and Bithumb, with final tax guidelines expected by the end of 2026. A survey by the South Korean Financial Services Commission shows that the country has over 11 million cryptocurrency investors, but the account growth rate has dropped from 25% in the first half of 2024 to 3% in the second half.😱😱😱
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According to official Ronin news, on May 13th, Ronin announced the completion of its migration to the Ethereum ecosystem, becoming an Ethereum Layer 2 network built on the OP Stack, while retaining RON as the gas token, with extremely short downtime. Ronin also adjusted the RON token economic model, reducing the annual token release from 45 million to 5 million, with an annualized inflation rate of approximately 1.2%. New token rewards will be distributed to ecosystem builders through a "proof-of-allocation" mechanism. In addition, the Ronin Treasury added three new revenue streams: the remaining 90 million RON staking rewards, Sequencer net profit, and 1.25% transaction fee revenue from the Ronin Marketplace (previously 0.5%).😳😳😳😳😳
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