News linked to both this project and an event.
Kelp DAO released a community update on X, noting that the recent rsETH security incident has remained tense over the past several days. However, with support from partners and the broader community, discussions are progressing in a positive direction, and efforts to identify an appropriate resolution are being accelerated. The guiding principles have already been reflected in initial actions, and subsequent updates will continue along this path, aiming for a win-win outcome for all stakeholders. Over the past four days, the Kelp team has engaged in in-depth communication with partners and other relevant parties. Specific progress includes: the Arbitrum Security Council has taken measures to freeze the stolen funds, and the SEAL 911 emergency response team has swiftly stepped in to conduct preliminary investigations, providing a clear and objective analytical perspective on the incident. While some developments have not yet been fully disclosed, related work continues to advance steadily. Kelp DAO stated that its current priority is safeguarding user assets and strengthening the protocol itself. This incident is also viewed as a critical test—not only for the project but for the broader DeFi ecosystem—and key follow-up developments will continue to be shared via official channels.
According to an official disclosure by Hyperbridge, the losses from the Token Gateway vulnerability incident on April 13 have been revised upward from an initial estimate of $237,000 to approximately $2.5 million. The increase stems primarily from losses incurred in incentive pools on Ethereum, Base, BNB Chain, and Arbitrum. The attacker extracted roughly 245 ETH from related contracts, then bypassed the MMR proof verification mechanism by forging cross-chain messages, minting 1 billion bridged DOT tokens and dumping them onto illiquid markets. Currently, some of the stolen funds have been traced on-chain to Binance. Hyperbridge is collaborating with Binance’s compliance team and law enforcement agencies to investigate the incident. Polkadot-native DOT and products such as Intent Gateway remain unaffected. The Token Gateway and bridged DOT contracts on the four affected EVM chains remain suspended. An external audit of the patched MMR verification logic is underway, and bridging functionality will be restored upon completion of the audit.
According to Fortune, blockchain startup Nava has announced the completion of an $8.3 million seed funding round, co-led by Polychain and Archetype, aiming to prevent anomalous operations by AI financial agents through a custody and verification framework. Nava’s solution locks funds via custodial services; once an AI agent proposes a transaction, an on-chain verification mechanism assesses whether the transaction aligns with the user’s intent—only compliant transactions are executed, while non-compliant ones leave funds in custody. All verification decisions are publicly recorded on the blockchain for reference by other AIs. Nava currently operates as a Layer 3 blockchain on Arbitrum and plans to deploy a parallel chain on Tempo; it will also issue a native stablecoin in the future to support protocol operations. Nava’s infrastructure serves both individual users and institutions, enhancing asset security and transaction transparency.