Axelar Network

Common Prefix is taking the lead stewardship role of Axelar. We are excited to share our plans for 2026, with more details to be announced in Q1. Our team consists of scientists–professors, PhDs, and post-docs–from world-renowned universities like Stanford, Imperial, ETH Zürich, and University of Edinburgh. But also senior engineers with decades of experience in hedge funds, TradFi, and Web3. We bridge the gap between science and engineering. We are razor-sharp focused on institutional adoption. For this, we will double down on the ecosystems that matter like XRPL, Sui, Solana, Ethereum, Stellar, and Hyperliquid. We will make sure that supported connections bring value to the ecosystem, and the right incentives for validators. For institutional, we need increased economic security. We’ll enable co-staking of blue chip tokens beyond just AXL. Privacy, compliance, and robustness will also be a theme for the year. For bridging, we will remove friction of moving assets from chain to chain by introducing gasless bridging. Subsidies will come from investing capital locked in gateway contracts, creating novel asset classes. Users will always have the choice to act according to their risk appetite. Lastly, we’re building up-the-stack in select key verticals: stablecoins, tokenized deposits, yield, and lending. A fusion of new chains creates an opportunity for new emerging asset classes.

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

I'm dropping a thread of all the protocols that had to freeze their interop because of LayerZero being compromised. Let's go:

guys don't tell me your answer to 1/1 multisigs getting hacked is 2/2 multisigs. sometimes i feel this industry is incapable of learning.