Crypto Hack
Aave fights to unfreeze $71 million amid Kelp DAO hack court battle
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A federal case is unfolding over $71 million in frozen cryptocurrency following the Kelp DAO exploit, as Aave seeks to release the funds for DeFi recovery. Victims of decades-old North Korean terrorist acts have filed a restraining notice against Arbitrum DAO, claiming the 30,765 ETH as DPRK-linked property. The dispute pits recent hack victims against long-standing terrorism judgment holders.
Thorchain confirmed a suspected multichain exploit on May 15 that drained about $10 million from users across several networks. The protocol activated emergency halts and has now launched a recovery portal for affected wallets.
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Solana-based Drift Protocol has outlined a plan to repay users following a $295 million exploit linked to North Korean hackers. The lending platform proposes tokenized claims and a revenue-backed recovery pool to cover losses. Drift is working with law enforcement to trace and recover the stolen funds.