dao

According to on-chain detective ZachXBT's monitoring, it was found that signs of mixing appeared in the funds stolen from the Humanity Protocol and Kelp DAO vulnerability attacks one hour ago, indicating that there may be an overlap between the attackers of these two incidents.Based on this new evidence, it can be largely ruled out that the theft case of Humanity Protocol was committed by an insider.

L2BEAT researcher @sergeyshemyakov posted on the X platform that Tornado Cash had a suspicious DAO proposal on June 25, which targets an unverified contract. This is highly unusual in Tornado Cash DAO proposals and suggests that the proposal should be considered malicious. The address of the proposal creator received funding through Railgun 4 days ago. If the proposal is passed and executed, the governance contract will make a delegatecall to the target contract. sergeyshemyakov stated that the Tornado Cash liquidity pool itself is safe, but the proposal may directly target the Tornado Cash DAO, which currently holds TORN tokens worth approximately $23 million.

JustLend DAO officially announces the launch of the U market lending feature. Users can now directly deposit or borrow U assets on the platform.

ENS DAO has initiated a new Temp Check ("temperature check" or "preliminary review") governance proposal aimed at expanding the authority of the ENS Foundation to cover areas such as operational management, funding projects, and long-term financial management. According to the proposal, ENS token holders will retain ultimate control over the protocol and the power to remove board members.

JustLend DAO officially launched SBM V2 (Supply and Lending Market V2), introducing an innovative independent collateral lending protocol that adopts a dual-layer architecture of treasury and market, and introduces an adaptive curve interest rate model. In the new architecture, the treasury is responsible for aggregating liquidity, while the market supports independent lending and bears its own risk exposure, achieving risk isolation; the borrowing interest rate is dynamically adjusted based on capital utilization, with each market operating independently to effectively prevent cross-market risk contagion. This upgrade significantly enhances the protocol's risk management capabilities and capital efficiency, further strengthening the security and flexibility in multi-asset independent lending scenarios.

JustLend DAO officially launched SBM V2 (Supply and Lending Market V2), introducing an innovative independent collateral lending protocol that adopts a dual-layer architecture of treasury and market, and introduces an adaptive curve interest rate model.In the new architecture, the treasury is responsible for aggregating liquidity, while the market supports independent lending and bears its own risk exposure, achieving risk isolation; the borrowing interest rate is dynamically adjusted based on capital utilization, with each market operating independently to effectively prevent cross-market risk contagion.This upgrade significantly enhances the protocol's risk management capabilities and capital efficiency, further strengthening the security and flexibility in multi-asset independent lending scenarios.

a16z Crypto General Partner Ali Yahya stated that in the previous crypto era, DAOs (Decentralized Autonomous Organizations) were undoubtedly a failed experiment, but this may simply be due to "being born at the wrong time."Ali Yahya admitted that over the past 10 years, the industry has painfully rediscovered that "direct democracy is a bad idea," as no ordinary users are willing to wake up in the morning to adjudicate risk parameters or protocol upgrades. He emphasized that with changes in the compliance landscape, the industry will regain legitimate space for experimentation, allowing exploration of representative democracy, bicameral systems, or hybrid architectures of licensed and unlicensed systems; at the same time, AI agents can fill many management responsibilities that humans are unwilling to undertake, thus allowing DAOs to truly move towards "autonomy," with the design space for the new generation of DAOs as software being limitless.

JustLend DAO has officially initiated Proposal No. 40, planning to introduce $U as a new lending market on the platform. The specific measures of this proposal include adding a U/TRX price oracle and increasing support for jU in the smart contract, while setting the collateral coefficient at 75% and the reserve coefficient at 10%. This move aims to further expand the supply options for stablecoins, thereby enhancing the overall liquidity and ecological diversity of the platform. If the proposal is successfully approved, users will not only be able to earn substantial returns by supplying $U but also use it as collateral to borrow other assets.

According to Shandong Legal News, a Bitcoin theft case prosecuted by the Li Cang District Prosecutor's Office in Qingdao has been sentenced. The defendant, Zhang, was sentenced to 10 years and 9 months in prison for theft and fined 100,000 yuan.In the early hours of a certain day in 2024, the virtual currency wallet of the victim, Feng, was quietly accessed, and 107 Bitcoins were transferred, equivalent to over 22.54 million yuan at the market price on that day. It was found that Feng had entrusted an acquaintance, Zhang, to assist with the operation. During the process of registering the wallet on behalf of Feng, Zhang obtained the mnemonic phrase, and after multiple attempts in the early morning, he cracked the wallet and transferred the Bitcoins. After being apprehended, Zhang claimed that his actions were a "protective takeover" to prevent the Bitcoins from being stolen by others. The prosecution traced the funds and found that the stolen Bitcoins were transferred multiple times and exchanged for over 660,000 yuan, exposing his lies.The prosecution determined that Bitcoin has economic value and exclusive control, meeting the core characteristics of "property" in criminal law, and can be the object of theft. The actual proceeds from the sale of the stolen Bitcoins, amounting to over 660,000 yuan, were used as the basis for the theft amount. After the defendant appealed, in November 2025, the Qingdao Intermediate People's Court ruled to dismiss the appeal and upheld the original sentence. This case is a typical example of Qingdao's legal punishment of crimes in the virtual currency field, clearly conveying the judicial stance: activities related to virtual currency must be conducted within the legal framework, and stealing others' virtual property also constitutes a crime.

According to on-chain analyst PeckShield (@PeckShieldAlert), approximately 19 hours ago, TesseraDao (@TesseraDao) on the BNB Chain was attacked, with hackers maliciously minting 99 million TSR and immediately selling it off, causing the TSR price to plummet by 99%.The attackers then exchanged the obtained TSR for approximately 2.5 million USDT and transferred the funds across chains to Ethereum, where they have completed money laundering operations of 1,285.5 ETH through TornadoCash.

According to The Defiant, approximately $220 million of unfrozen funds from the Kelp DAO cross-chain bridge attack has been almost entirely laundered by hackers. On-chain analyst Arkham Intelligence tracking shows that only about $1.7 million remains in the original attacker's wallet. This hacker is linked to North Korea and previously launched a $292 million cross-chain bridge attack on LayerZero in April.Funds were transferred using privacy tools such as THORChain, Wasabi, Tornado Cash, and Umbra. The approximately $71 million in Ethereum frozen by the Arbitrum security council on April 20 is currently the only recoverable portion. A report released by LayerZero on May 18 attributed the attack to the North Korean group TraderTraitor. Kelp has recovered approximately 116,000 rsETH by migrating to Chainlink CCIP and the DeFi United program, while the Aave security module absorbed about $190 million in bad debt.

Layer 1 blockchain Tempo proposed TIP-1061, a native multi-signature account proposal, aiming to introduce multi-signature as a native account type at the protocol layer, allowing multi-signature control without the need to deploy smart contract wallets like Safe.This solution supports M/N multi-signature, weighted multi-signature, as well as Secp256k1, P256, and WebAuthn signatures, and allows for subsequent adjustments of members and permissions while keeping the account address unchanged. This proposal is primarily aimed at scenarios involving DAOs, institutions, and validators, and is currently still in the draft stage.

Recently, the People's Procuratorate of Licang District, Qingdao City, Shandong Province, China, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting an acquaintance in registering a virtual currency wallet, and later transferred 107 BTC in multiple transactions, equivalent to over 50 million yuan at current market prices. Zhang argued that his actions were a "protective takeover," but the prosecution found that he transferred the stolen BTC through multiple trading platforms and exchanged it for over 660,000 yuan. The Licang District Court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan; the second instance upheld the original judgment.Reports indicate that the prosecutor handling the case strictly adhered to laws and judicial policies, and after in-depth analysis, concluded that although China's regulatory policies deny the legal currency status of virtual currencies, they do not negate their property attributes, nor do they prohibit citizens from legally holding and circulating them. Bitcoin requires investment in computing power, funds, and other costs to acquire, which gives it economic value; rights holders can achieve exclusive control and management through private keys and mnemonic phrases, aligning with the core characteristics of "property" in criminal law, making it a target for theft. In determining the amount, since virtual currencies have no official pricing, the Licang District Procuratorate discarded market price estimates and used the actual proceeds from the crime of over 660,000 yuan as the amount for theft, ensuring accurate conviction, appropriate sentencing, and unity of guilt and punishment.

From June 7 to 9, 2026, the Global Digital Finance Ecosystem Forum, co-hosted by XAUT ECO, the Binance community, and ListaDAO, will be held at the Hong Kong Convention and Exhibition Centre.The forum will conduct in-depth discussions on core topics such as decentralized security and stablecoin payment permissions, the global circulation and regulation of gold-backed stablecoins, the on-chain representation of real-world assets (RWA), Web3 payments and on-chain settlement, and the USD1 stablecoin ecosystem and global liquidity.The event aims to bring together global digital finance institutions and ecosystem partners to jointly explore the evolutionary path of digital gold and stablecoins, promoting the co-construction and development of a new global digital finance ecosystem.

According to official news, the Arbitrum Foundation has initiated a new round of funding requests to the Arbitrum DAO, planning to obtain 16 million US dollars in stablecoins, 1,740 ETH, and 230 million ARB, with a total value of approximately 43.5 million US dollars.The funds raised this time will be specifically used for the foundation's operational work in 2027, covering areas such as technical infrastructure, ecosystem development, marketing promotion, and governance services. The ARB tokens requested in this application account for 3.7% of the total supply. In comparison, the Arbitrum DAO's total revenue for the year 2025 is approximately 23.49 million US dollars. Currently, this funding proposal is still in the community governance discussion stage.

Stake DAO posted on platform X in response to the security incident, stating that its team is aware of the current security event and advises against interacting with vsdCRV.Previously, an anomaly occurred with contracts related to Stake DAO on Arbitrum, resulting in the minting of 54 trillion vsdCRV. The security team has classified this as a suspected infinite minting exploit.

According to on-chain data, the private key of the StakeDAO deployer was leaked on Arbitrum, and the attacker minted approximately 54.5 trillion vsdCRV, partially exchanging it for 43.7 ETH.

According to The Block, since the KelpDAO cross-chain bridge attack in mid-April, the total value locked (TVL) in DeFi has decreased by about 14%, from approximately $172 billion to $148 billion. The attackers exploited vulnerabilities in off-chain infrastructure rather than smart contract vulnerabilities, stealing about $292 million and exposing new infrastructure risks.The outflow of funds has continued for more than five weeks, indicating that investors are broadly withdrawing marginal capital rather than just targeting specific protocols that were attacked. Lending, as the largest DeFi category, saw its locked amount decrease from about $53 billion to $40 billion, marking the largest decline. Liquidity re-staking protocols also experienced significant drops. The KelpDAO attack indicates that as the security of smart contracts improves, off-chain infrastructure is becoming a more easily exploitable attack surface.

According to official news, Coinbase announced that spot trading for MetaDAO and Derive will go live on May 27, 2026.The META-USD and DRV-USD trading pairs will open at or after 9 AM Pacific Time (provided liquidity conditions are met) and will be officially enabled in regions that support trading.