The US troop withdrawal may weaken NATO’s deterrence, potentially heightening regional instability and increasing the risk of Russian aggression. The post US troop withdrawal from Germany raises NATO-Russia tension concerns appeared first on Crypto Briefing.
Hyperliquid has stepped into a competitive space with a bold move. The launch of its new event contract immediately drew attention across the crypto ecosystem. Traders closely watched its performance as it entered the prediction market arena. Early data reveals strong engagement and growing interest. The Hyperliquid HIP-4 event contract recorded 6.05 million contracts in […]
A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are owed over $877 million in compensation and damages by North Korea. Charlie Gerstein, a lawyer for US law firm Gerstein Harrow LLP, said in a post on the Arbitrum DAO forum on Friday that a New York district court signed off on a restraining notice and three writs of execution preventing the DAO from moving the Ether under threat of contempt of court.The law firm argued that its clients, who were not affected by the Kelp exploit, won default judgments against North Korea in three separate US court cases in 2010, 2015 and 2016 and are owed a collective $877 million in compensatory and punitive damages, plus interest. It also argued that its clients have a claim to DPRK property. Gerstein said in the restraining notice that the stolen Ether is “property” in which the DPRK has a stake because the hacker group is affiliated with the country. The freeze could mean those affected by the Kelp exploit would need to wait longer to see their funds recovered. This isn’t the first time the firm has attempted to claim stolen cryptocurrency. Kelp DAO suffered a $292 million hack on April 18, which is believed to have been carried out by TraderTraitor, a subgroup of North Korea’s state-backed hacking unit, Lazarus Group. Days later, Arbitrum Security Council took emergency action to freeze 30,766 Ether (ETH), worth over $73 million, held in a wallet linked to the Kelp exploit.Charlie Gerstein, a lawyer for Gerstein Harrow, posted a restraining notice seeking to prevent the Arbitrum DAO from moving the frozen Ether. Source: Arbitrum DAOFunds were proposed for Kelp victimsAave Labs proposed on April 25 that the Arbitrum DAO unfreeze the $73 million in Ether tied to the Kelp DAO attack and direct those funds to “DeFi United,” a fund aimed at restoring rsETH and compensating its holders.An Arbitrum DAO member under the handle Zeptimus said that if the law firm’s action is successful, the DPRK debt will be transferred to the Kelp DAO victims.“Your clients’ losses are real and the DPRK should answer for them. But the remedy the restraining notice asks for, blocking the return of stolen funds to their actual owners shifts the cost of the DPRK’s debt onto a different set of victims who were themselves robbed. That compounds the original harm; it doesn’t redress it,” they said.Gerstein Harrow filed similar claims beforeGerstein Harrow has filed similar cases in the past, arguing its clients have a claim to funds stolen by the DPRK and frozen by crypto firms. In February, the firm filed a claim against funds frozen by Tether that were stolen in the 2023 Heco Bridge hack.Related: North Korean hackers used AI-enabled social engineering in Zerion attackIt has also filed class-action suits against multiple DAOs. At the same time, onchain sleuth ZachXBT accused the law firm of using his research in court documents to stake a claim on funds from the $1.5 billion Bybit hack.The law firm has three live cases against DAOs on its website. Source: Gerstein HarrowNorth Korea-affiliated actors have been accused of stealing at least $578 million across major incidents throughout April and have been linked to many of the industry’s largest hacks, including the Bybit exploit.Magazine: DeFi’s billion-dollar secret: The insiders responsible for hacks Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The restoration of UAE airspace signals reduced regional tensions, fostering stability and normalcy in Middle Eastern aviation operations. The post UAE airspace fully restored, Dubai Airports ramps up operations appeared first on Crypto Briefing.
Turkey’s inflation data underscores persistent global inflation, potentially delaying U.S. Fed rate cuts and impacting global economic stability. The post Turkey inflation data impacts US Fed rate cut expectations for June 2026 appeared first on Crypto Briefing.
Institutions are buying Bitcoin (BTC) at more than five times the rate miners are producing it, and according to Capriole Investments founder Charles Edwards, that gap has historically come right before huge price gains. In a post on May 4, Edwards said every instance in the past of this demand-to-supply ratio produced an average return […]
SEOUL, May 4 (TokenPost) South Koreas Financial Supervisory Service has escalated its campaign against illegal trading in the countrys cryptocurrency markets, unveiling an AI-powered surveillance infrastructure that monitors domestic and overseas exchanges in real time and can automatically identify clusters of coordinated accounts suspected of price manipulation. The FSS, in a press release dated April […]
[PRESS RELEASE – Steinhausen, Switzerland, May 4th, 2026] Swiss-regulated TrustLinq, the first platform to enable direct fiat settlement from self-custodial crypto wallets to third-party bank accounts, has integrated Ripple Payments into its live payment infrastructure. The integration extends TrustLinq’s fiat settlement reach across major global corridors, enabling faster and more cost-efficient local payouts in over 80 […]
The lawsuit may lead to increased regulatory scrutiny, impacting Meta’s operational strategies and potentially influencing tech industry standards. The post Meta faces New Mexico lawsuit over child safety on Facebook, Instagram appeared first on Crypto Briefing.
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