A New York district court signed a restraining notice and three writs of execution to prevent the Arbitrum DAO from moving Ether believed to be tied to the Kelp exploit, according to a Friday post on the Arbitrum DAO forum by US law firm Gerstein Harrow LLP. The firm says its clients—unaffected by the Kelp exploit—won default judgments against North Korea in 2010, 2015 and 2016 and are owed about $877 million in compensatory and punitive damages, plus interest. It argues the stolen Ether is "property" in which the DPRK has a stake because the hacker group behind the attack is tied to the country. The freeze comes as the Kelp DAO breach, which is believed to have been carried out by TraderTraitor, a North Korea–linked subgroup of Lazarus, sent shockwaves through the DeFi ecosystem. In the days that followed, Arbitrum’s Security Council moved to halt activity on a substantial amount of Ether tied to the incident—30,766 ETH, valued at over $73 million at the time—stewing in a wa...
The U.S. Commodity Futures Trading Commission is soliciting public input on a March-proposed rule aimed at tightening and clarifying the agency’s authority over prediction-market event contracts. More than 1,500 comments were filed as the comment window closed, reflecting a broad mix of support for clearer federal oversight and concerns that new rules could curb access or push activity into less regulated spaces. Key takeaways The CFTC drew more than 1,500 public responses to its proposed rule, which would empower the regulator to amend or issue new regulations for event contracts on prediction markets. Kalshi and Polymarket endorsed the CFTC’s stance on exclusive federal jurisdiction, with Kalshi’s Luana Lopes Lara urging guidance to keep event contracts listed and overseen by the Commission; Polymarket’s Justin Hertzberg likewise backed strong CFTC authority. Industry voices such as Andreessen Horowitz supported the move, arguing that state actions to regulate or ban prediction...