David Hoffman

JUST IN: Amsterdam officially bans public advertisements for meat.

Wild story unfolding around the KelpDAO hack funds frozen on Arbitrum. Quick context: in April, Lazarus Group (DPRK-linked) hacked KelpDAO for $292M via a LayerZero bridge bug. Some of the stolen ETH flowed through Arbitrum, and Arbitrum's Security Council froze $71M before the attacker could move it further. The industry mobilized to recover. Aave, KelpDAO, LayerZero, EtherFi, and Compound co-authored a proposal asking Arbitrum DAO to release the frozen ETH to a multisig that would compensate hack victims. The vote is passing. Then this week, a plot twist. Lawyers showed up with a restraining order. But not on behalf of the KelpDAO victims. The plaintiffs are Han Kim and two other groups - family members of people killed in DPRK-backed terrorist attacks years ago. They hold combined ~$877M in unpaid US court judgments against DPRK. North Korea never paid. They have been hunting for any reachable DPRK asset for over a decade. When Arbitrum's frozen ETH was publicly identified as "DPRK money," they saw a target. Their argument: this is DPRK property, we have $877M in judgments against DPRK, give us the money. The counter-argument: DPRK does not actually own this ETH - they stole it. The real owners are the KelpDAO hack victims. The old terrorism creditors are trying to grab money that was never really DPRK's. Arbitrum is now caught in the middle. The industry wants to release funds for hack recovery. NY court is saying "do not move anything until we resolve this." If multisig signers transfer the ETH while the restraining order is active, they become personally liable. This is the first real test of DAO funds against competing US court claims. The precedent set here will shape how every future DAO incident response handles legal pressure.

BREAKING: Kevin Warsh just said it. "AI and Bitcoin will ignite a massive economic boom in America." The man who controls U.S. monetary policy starting May 15. Not a influencer. Not a Bitcoin maximalist. The next Federal Reserve Chair. Putting AI and Bitcoin in the same sentence as economic boom. The most powerful monetary position in the world. Just validated both industries simultaneously. The regime change is complete. Act accordingly.

The Big Four airlines (American, Delta, Southwest, United) control 75% of the U.S. market. Fewer choices = higher prices for you.

and my girl got that 1%

This is the face the afghani migrant makes when the activist judge asks him if he knows rape and murder are illegal

Spiking fuel prices from Trump’s war was the nail in the coffin for twice-bankrupted Spirit airline. FWIW, JetBlue merger failed because a judge, appointed by Ronald Reagan, said the deal was illegal. Republicans are desperate to shift blame from higher costs hitting families.

JUST IN: Scott Weiner has a 72% chance of winning Nancy Pelosi’s current House seat