Elian Jacobs

@Sei_FND sunset soirée in Manhattan last night!!! Always a great time running into these lovely ladies! 👻🎉🗽🌆😍💕

They’re going after law school accreditation because they can’t find accredited lawyers willing to work for Trump’s DOJ

If courts can freeze DAO funds... how decentralized is it really? 🤔 $ARB just got hit with a $71M $ETH freeze. Context: • Funds were already frozen by the Security Council after the KelpDAO exploit • U.S. court now blocks any movement • DAO treated as a legal entity • Members could face liability Second intervention on the same funds. Is Arbitrum really a DAO Or just a company with extra steps?

🇺🇸 UPDATE: New York's Attorney General secured $5M from Uphold for promoting a misleading crypto yield product.

arbitrum dao got a "restraining order" from unrelated victims of north korea. the dao would be completely in the right to ignore it, given these funds have a clear provenance to kelp/layerzero hack victims, and belong to them. i urge aave or any other parties making proposals to skip any intermediate multisigs and move funds to the recovery contracts directly. this would allow to skip any possible meatspace pressure altogether.

Important Update If your funds are in an unaffected EVM vault, you can now withdraw normally. Do NOT interact with any active EVM positions or the compromised vaults below. Any active position on Mainnet, Base, Blast, or Berachain is impacted by the exploit. The following vaults are also unavailable for withdrawal: - Mainnet: sZYN, sBITCOIN, sWETH, sUSDC, sMOG, sREKT, sPEPE, sNEIRO - Base: sSKI, sUSDC, sWETH, sVIRTUAL, sBRETT, scbBTC, sAERO, sWELL - Blast: sUSDB, sWETH - Berachain: sWBERA, sHONEY If your vault is not listed above, you are unaffected and can withdraw at any time. We are actively working to resolve the situation. Due to an ongoing investigation, we're limited in what we can share right now. We'll update the community as soon as we're able. Thank you for your patience.

🚨 INTERESTING: Harvard Business School research found a toxic employee can cost over $12,000, while a top performer adds about $5,000, making toxic workers more than twice as costly.

The ~$290M LayerZero exploit proved that speed is irrelevant if funds aren't safe. The adoption of @chainlink CCIP + the CCT standard will only grow with time & exploits, as CCIP has never been hacked. Teams that value their users' safety are choosing accordingly.

hate to be that guy but where is LayerZero here?

NEW: Grayscale Research says tokenization is a $300T megatrend, just 0.01% is onchain so far. $ETH, $SOL, $CC, $BNB, $AVAX, $LINK appear to be the key tokens. Near-term: big opportunity for $CC (privacy) Long-term: large opportunity for open networks like $ETH, $SOL Read the full research here: research.grayscale.com/reports/invest…

Man these DeFi hacks need to stop. If we aren’t careful someone’s gonna steal the last $5k on berachain

Today Aftermath Finance sustained an exploit of its perpetuals protocol on Sui which was subsequently paused. The Sui Foundation, in partnership with Mysten Labs, has committed to working with Aftermath Finance to both ensure fund recovery to users and continuity of the Aftermath protocol. Aftermath will provide further updates on fund recovery shortly.

Crypto card spending is the next big trend: Crypto card spending volume has surged +500% since September 2024, now running at $600 million per month. As a result, stablecoin-linked payment cards are now one of the fastest growing businesses on the blockchain, with 90% of transactions captured by Visa, $V. Visa's strategy has centered around partnering with emerging infrastructure providers which reduces reliance on traditional sponsor banks. The growth comes amid the launch of Jupiter Global which returns 4-10% cash back to crypto cards and has seen +660% MoM volume growth in April. Crypto card adoption is growing.

1/ Carrot is shutting down This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.

Kelp confirms it has fulfilled its pledged contribution to the recovery fund. Post April 18, DeFi United led by @aave has defined the path to restore rsETH backing and return markets to normal operation. We appreciate the support from our partners @Mantle_Official @Consensys @arbitrum @StaniKulechov @ether_fi @LidoFinance @The3D_ @golemproject @bgdlabs @Compound_xyz who played a pivotal role in the DeFi United recovery fund. As these contributions are realized, rsETH backing will be progressively restored. We will keep our community updated.

NEW: Trump family-backed @WorldLibertyFi's proposal to unlock 62B $WLFI tokens passes with 99.5% support. The plan introduces a 2-year cliff and 5-year vesting for insider tokens, though the top four wallets control ~40% of voting power.

Syndicate Labs experienced a security incident. A private key compromise enabled malicious upgrades to bridge contracts on two chains, moving ~18.5M SYND and ~$50,000 of tokens from customer chains. All impacted parties are being made whole. Details below ↓

🚨 ALERT: Wasabi Protocol exploited for $5M+ across multiple chains, including Ethereum and Base, per PeckShield.

🚨 INSIGHT: Etherfi CEO says 5K $ETH was committed to prevent a potential DeFi collapse after the Kelp incident. Says Aave the "least to blame."

🚨 Blockaid detected and flagged an active exploit on @AftermathFi Perpetuals on @SuiNetwork. ~$1.1M USDC was drained across 11 transactions in ~36 minutes by attacker 0x1a65086c85114c1a3f8dc74140115c6e18438d48d33a21fd112311561112d41e. The exploit targeted a bug in the perp clearing house fee accounting, allowing synthetic collateral inflation and withdrawals from protocol vaults. We are supporting the @AftermathFi and @Mysten_Labs teams and will share more findings shortly