Arbitrum (Offchain Labs)
Optimistic rollup. Largest Ethereum L2 by TVL.
The South Korean tech giant built a custom layer-2 network with Arbitrum for an advertising platform set to launch this year.
LG Electronics has built a blockchain-based advertising platform with the help of Arbitrum.
LG is building a blockchain focused on buying and selling ads, joining a wave of companies launching their own blockchains in recent years.
LG’s new Arbitrum-based blockchain will serve as a platform for placing, buying, selling, and managing digital ads.
The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s Security Council.
Cash App users can now transfer on Solana, Ethereum, Polygon and Arbitrum, but executive Miles Suter says the firm is still bitcoin-focused.
The attacker minted 5.4 trillion vsdCRV on Arbitrum and is actively swapping tokens for ether, the researchers said.
The Ethereum rollup market is dominated by Arbitrum and Base, which have a combined 68% market share, according to L2Beat.
Variational is positioning itself as a retail-friendly brokerage via its in-development Omni app, which will offer "zero-fee" trading.
Charles Gerstein wants a federal judge to order Tether to transfer OFAC-frozen USDT tied to Iran’s Revolutionary Guard to victims holding unpaid terrorism judgments
Kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet.
Arbitrum delegates begin the binding governance process to transfer disputed exploit funds to Aave, while North Korean terrorism creditors continue fighting for ownership in Manhattan court
The order shields anyone who votes on the transfer from being held in violation of the freeze, though the ultimate fate of the funds remains unclear.
A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.
Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.
Arbitrum DAO voted to release the Kelp exploit funds, but a U.S. Court restraining notice has put the approved transfer in legal jeopardy.
DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days
However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency motion against it.
The Snapshot vote would move the recovery effort toward a binding onchain Arbitrum governance proposal.
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
The filing challenges a New York restraining notice that froze ETH on Arbitrum after the rsETH exploit, with Aave arguing the funds belong to users, not North Korea judgment creditors
Families holding decades-old judgments against North Korea are trying to seize 30,765 ETH frozen after last month’s rsETH exploit, citing alleged links between the attack and DPRK-linked hacking groups such as Lazarus, and invoking a New York restraining notice that could block Arbitrum from releasing the funds.
The plaintiffs are not Kelp DAO hack victims but families holding three unsatisfied terrorism judgments against North Korea looking to collect on debts.
The Arbitrum Security Council froze 30,766 ETH that the Kelp DAO attacker had moved to an Arbitrum One address.
More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed.
The standard Constitutional AIP lifecycle runs roughly 49 days from forum publication to onchain execution, a timeline some delegates say is too long.