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BTC $78,000.71 +0.88%
ETH $2,345.79 +1.52%
BNB $631.57 +0.56%
XRP $1.42 -1.03%
SOL $85.82 -0.62%
TRX $0.3239 -0.07%
DOGE $0.0977 -0.55%
ADA $0.2497 -0.50%
BCH $451.56 -0.27%
LINK $9.32 -0.77%
HYPE $41.27 -0.02%
AAVE $93.95 -0.59%
SUI $0.9419 +0.93%
XLM $0.1703 -1.80%
ZEC $355.96 -0.66%

unite

DeFi United rescue latest progress: over 100,000 ETH raised

The DeFi United ecological rescue initiative led by Aave is ongoing. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. The designated donation address has accumulated a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident on April 18.The plan aims to restore the rsETH backing assets through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the recovery of collateral rates and gradually promote market normalization in conjunction with relevant protocols.Current major commitments or participants include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident on April 18, Mantle proposing to contribute 30,000 ETH, AaveDAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming to provide 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, Golem Foundation and related projects totaling 1,000 ETH, among others. Additionally, LayerZero, Ethena, FraxFinance, InkFoundation, and others have also confirmed participation, but specific amounts have not yet been disclosed.It should be noted that the progress of this rescue still relies on several external key conditions, including KelpDAO restoring rsETH redemptions and the Arbitrum security committee releasing frozen assets. The overall recovery time and effectiveness remain uncertain.

The United States sanctions Cambodian senator, the crackdown on cryptocurrency fraud continues to escalate

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against Cambodian Senator Kok An, accusing him of controlling "fraud parks" across the country, defrauding American victims through cryptocurrency investment scams.According to a statement released by OFAC on Thursday, in addition to Kok An, 28 other individuals and entities have been added to the sanctions list, all believed to be connected to his fraud network. This network is accused of luring victims into sending cryptocurrency assets under the guise of "high return investments." This action follows a raid by Cambodian police on two scam centers in the border city of Poipet. Previously, Kok An had been accused of operating scam bases in the area. OFAC stated that scammers typically gain victims' trust by establishing "friendships" or "romantic relationships," then guide them to participate in so-called cryptocurrency investment platforms, thereby defrauding them of funds, with the total amount involved reaching millions of dollars.It is noteworthy that some individuals involved in the scam activities are themselves victims of human trafficking, forced to engage in illegal activities under threats of violence. OFAC pointed out that these scam centers are often located in casinos or repurposed office parks, used not only for money laundering but also as bases for defrauding American citizens and committing human rights violations. Additionally, regulators have simultaneously shut down over 500 fraudulent website domains used for cryptocurrency investment scams, indicating that the U.S. crackdown on related criminal activities is intensifying.
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