mantle

The Mantle community has authorized the Mantle Treasury to provide a loan of up to 30,000 ETH to the Aave DAO through proposal MIP - 34, to address the bad debt impact caused by the rsETH cross-chain bridge security incident on Aave V3.According to the proposal, the loan term is up to 36 months, with an interest rate of LIDO + 1% annualized, and the borrower can repay early without penalty. In terms of risk control, Mantle will have priority security rights over the relevant collateral assets, and Aave will also provide additional collateral in the form of Aave tokens and protocol revenue worth no less than $11 million, and will delegate 130,000 Aave tokens to Mantle for governance participation.

Mantle token holders have approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address the potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million.The proposal was passed in a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate and execute the final loan agreement with Aave DAO. The final implementation of this credit line still depends on Aave executing its recovery plan and finalizing specific terms.A Galaxy Research report noted that the rsETH attack incident had put Aave's WETH market under continuous strain, with the utilization rate remaining above 99% for 12.7 consecutive days. As of May 8, the utilization rate of Aave Ethereum V3's WETH market has dropped to about 91.6%, indicating some relief in market pressure.

Mantle Network officially announced that the proposal for the rsETH relief coordination loan facility initiated to Aave has officially entered the governance voting stage.According to the proposal, Mantle will provide a loan to Aave's relief action to help users orderly exit or resolve related positions. Users holding MNT tokens must first complete delegation on the Snapshot platform to participate in the voting.Aave founder Stani stated that DeFi United is the largest DAO coordination he has participated in, with at least 6 different DAOs proposing governance plans (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle). He thanked everyone who helped and participated.Currently, the DeFi United ecological relief action led by Aave is ongoing to address the collateral asset gap caused by the rsETH incident on April 18. The designated donation address has raised a total of 1,137,714.633 ETH, worth $314.57 million.

According to Fox News, the Federal Bureau of Investigation (FBI) has collaborated with law enforcement agencies in Dubai, China, and Thailand to conduct a large-scale multinational joint law enforcement operation, successfully dismantling at least 9 overseas cryptocurrency scam centers, resulting in the arrest of 276 suspects, with the amount involved reaching millions of dollars.In this operation, the U.S. District Court in San Diego has filed federal telecommunications fraud and money laundering charges against 6 suspects, including individuals from Myanmar and Indonesia, whose scam organizations operated under names such as "Sanduo Group" and "Giant Company." Dubai police arrested 275 suspects, while the Royal Thai Police separately apprehended 1 fugitive.The aforementioned scam network employed a "pig butchering" technique, gaining the trust of victims through fabricated friendships or romantic relationships, luring them to transfer funds to fake cryptocurrency investment platforms, and then laundering the money and transferring it to criminal accounts.This operation aligns with the executive order signed by Trump on March 6, 2026, aimed at combating overseas criminal networks that exploit U.S. citizens. The FBI's "Operation Level Up" has notified approximately 9,000 victims, recovering about $562 million in losses for U.S. citizens. The FBI urges victims to report through the Internet Crime Complaint Center (IC3).

According to market news, Colombia and U.S. law enforcement agencies have jointly acted to successfully dismantle a transnational cryptocurrency money laundering network associated with the Mexican "Jalisco New Generation Cartel" (CJNG). Since 2023, this network has transferred over $190 million in illegal funds through cryptocurrency channels, seizing multiple crypto wallets and cash on site.Investigations show that the network commonly employs tactics such as fund splitting, decentralized transfers across multiple wallets, circulation across jurisdictions, and token swaps to evade tracking. Currently, authorities have not disclosed specific details regarding the cryptocurrencies involved, trading platforms, or the number of arrests, and the investigation is still ongoing.

According to Cointelegraph, local police in Spain seized two cryptocurrency cold wallets containing approximately 400,000 euros (about 467,000 dollars) in assets during an operation against illegal comic distribution platforms.The operation was carried out by the Almería police in Spain, who have arrested three suspects and dismantled what is known as the country's largest Spanish-language piracy comic website. It is reported that the platform has been providing free pirated content since 2014, primarily profiting through advertisements, with total revenue exceeding 4 million euros over the past decade. Notably, the cold wallets involved were hidden inside a thermometer in the wall. The police have not yet disclosed whether they have obtained the relevant private keys or access to the funds.

According to information from the Governance Forum, Bybit's public chain Mantle plans to provide a loan of 30,000 ETH to Aave to address the bad debt risk caused by recent security incidents.According to crypto analyst Yu Jin @EmberCN, the currently confirmed rescue fund size approximately covers a gap of 43,500 ETH.

The local police in Spain seized two cryptocurrency cold wallets containing approximately 400,000 euros (about 467,000 dollars) in assets during an operation against illegal comic distribution platforms.The operation was carried out by the Almería police in Spain, who have arrested three suspects and dismantled what is known as the country's largest Spanish-language piracy comic website. It is reported that this platform has been providing free pirated content since 2014, primarily profiting through advertisements, with total revenue exceeding 4 million euros over the past decade. Notably, the cold wallets involved were hidden inside a thermometer in the wall. The police have not yet disclosed whether they have obtained the relevant private keys or access to the funds.

The National Police of Ukraine and the Internal Security Department conducted a joint operation, arresting a suspect in the Transcarpathian region who is alleged to be involved in an international cybercrime gang. This gang is implicated in fraud and money laundering cases exceeding $100 million targeting the United States and Europe, and had previously been listed as an international wanted person by the FBI.The suspect was found in possession of forged identity documents and had even fabricated a death certificate to conceal their whereabouts. The gang deployed malware to steal personal and corporate data, subsequently extorting victims for ransom. Money laundering methods included purchasing real estate and using relatives' names to obscure the flow of funds. Authorities seized approximately $11 million in assets, including cash, real estate, vehicles, and about $3 million worth of cryptocurrency, and also apprehended two co-defendants. The suspect faces charges of document forgery and money laundering.

According to official news from Mantle, xStocksFi has officially launched on the Mantle network, supported by BackedFi and Flowdesk.As one of the first projects to achieve on-chain liquidity through stock tokenization, users can trade major global assets around the clock via the Fluxion network, including 10 leading U.S. stocks such as TSLAx, NVDAx, AAPLx, METAx, and more. Mantle leverages institutional-grade infrastructure and exclusive deposit and withdrawal support from Bybit to enhance the distribution efficiency of real-world assets (RWA), while providing extremely low trading fees and a high-speed execution experience.The official statement indicates that the launch of xStocks is just the starting point for ecosystem expansion, with more features such as xChange and xPoints to be introduced in the future.

The underlying financial infrastructure accelerating the birth of AGI, "B.AI," officially announced its launch today. In the moment when intelligence crosses the singularity, outdated financial barriers and physical limitations should not become AI's "digital cage." The imaginative space of AGI goes far beyond the laboratory; the real proposition is how to let AI break boundaries and benefit ordinary people.Tonight at 19:00 Beijing time, B.AI will fully reveal its technical details for the first time through X Space. Notably, Justin Sun will participate in the dialogue, returning to the underlying logic and deeply deconstructing how agents can autonomously take over economic behavior through "a line of code." This live broadcast will completely unveil the full picture of B.AI and discuss how intelligent agents can truly grasp economic sovereignty.Follow @BAI_AGI, retweet the post, and @ three friends for a chance to win a reward of 10 USDT.

Bybit's On-Chain Earn has launched its first stablecoin on-chain treasury asset management product, Mantle Vault, with a capital accumulation scale exceeding 200 million USDT, continuously setting new records for the growth of on-chain asset management products on the platform.As a representative of high-yield stablecoin wealth management, Mantle Vault employs market-neutral strategies to maintain robust returns even in volatile markets, attracting a continuous influx of funds: currently, USDT on-chain earn can enjoy a maximum +4% reward annualized bonus, with a comprehensive annualized return of up to 8%+, and supports individual participation without collateral limits (actual returns will be dynamically adjusted based on market conditions).In the context of increasing market uncertainty, Mantle Vault is gradually becoming an important choice for users to allocate stable income assets.

Recently, a first-instance verdict was announced in a case of concealing and hiding criminal proceeds, which was prosecuted by the People's Procuratorate of Yuetang District, Xiangtan City, Hunan Province, China. A new type of money laundering chain, disguised as a Maotai liquor transaction and using virtual currency as a channel, was completely dismantled, involving an amount of over 6.84 million yuan, with all 8 defendants sentenced. The gang had clear divisions of labor and strong concealment.Chen connected with upstream sources through overseas encrypted communication software, received telecom fraud proceeds, and contacted "U merchants" to complete the exchange and circulation of virtual currency; Xie was responsible for providing tools for the crime and keeping track of financial details; Huang used Maotai liquor trading as a cover to disguise the trajectory of the transfer of criminal proceeds with real transaction shells; the remaining members assisted with fund settlement and information transmission. The gang used fake Maotai liquor transactions as the "cleaning" stage, disguising overseas fraud proceeds as legitimate business income, converting them into virtual currency to return to upstream, and taking an illegal commission of 8% for each "cleaning."In December 2023, with a report from a victim, this black and gray industrial chain hidden under the guise of liquor trading surfaced. After the incident, the People's Procuratorate of Yuetang District intervened in the investigation early, guiding the public security organs to sort through nearly 20 million yuan in fund flows and massive electronic data, achieving a full-chain crackdown and comprehensive evidence collection. The court ultimately sentenced Xie and 7 other principal and accomplice offenders to fixed-term imprisonment ranging from 2 to 6 years for the crime of concealing and hiding criminal proceeds; the relatively minor offender Liang was sentenced to 1 year in prison with 1 year of probation.

According to monitoring by Lookonchain, the lending market size of Mantle (@Mantle_Official) has reached $1.35 billion, setting a new historical high.

According to a report by the Korea Unified News Agency, the Jongno Police Station in Seoul announced the dismantling of a money laundering crime group primarily composed of family members and relatives.The group operated an unregistered virtual asset exchange in Myeongdong, Seoul, converting cash obtained from telephone scams into Tether (USDT) and then transferring it overseas, with the money laundering scale reaching hundreds of billions of Korean won.In addition, the group also took advantage of rising precious metal prices to purchase gold through virtual assets across borders and then exported it for profit. The police have arrested 19 suspects, including the main money laundering perpetrator A (46 years old) and three others who have been detained. The overall leader of the scam organization, B (44 years old), has fled overseas, and the police are in pursuit. Currently, cash, silver balls, and gold bars totaling approximately 6 billion Korean won have been seized as criminal proceeds.

According to market news, the European Cybercrime Centre, in collaboration with the U.S. Department of Justice and other agencies, has announced the dismantling of a malicious proxy service network named "SocksEscort" and the freezing of $3.5 million in cryptocurrency related to the case.The network is said to have compromised over 369,000 routers and IoT devices in 163 countries worldwide, providing users with over 35,000 proxies in recent years. The European Cybercrime Centre stated that 34 domain names and 23 servers were seized in operations across 7 countries, and payment platforms associated with the service are estimated to have received over $5.7 million in cryptocurrency. The investigation began in June 2025 and found that the infected devices were primarily used to facilitate criminal activities such as ransomware and DDoS attacks.The U.S. Department of Justice has charged that criminals used the proxy service to conceal their location and commit fraud, including bank and cryptocurrency account takeovers, citing multiple victim loss cases, including a New York cryptocurrency exchange customer who was scammed out of $1 million.

According to Chainwire, the total value locked (TVL) in Ethereum's Layer 2 network Mantle has surpassed the $1 billion mark for the first time, and its stablecoin market cap has soared to $980 million, with both key on-chain metrics reaching all-time highs.The report states that this is due to the growing number of protocols, integrations, and capital flows within the Mantle ecosystem, where the total lending market size on Mantle on Aave has exceeded $1.25 billion; the deposit amount of USDT on Mantle has surpassed $600 million.

The market value of the Mantle ecosystem stablecoin has increased by 75% in the past 30 days, from approximately $494 million to about $870 million.

According to market news, the Catalonia police in Spain recently dismantled an illegal Bitcoin mining operation in the Sant Vicenç de Castellet industrial area of Barcelona. According to estimates by the national electricity company Endesa, the operation illegally obtained electricity by directly connecting to the high-voltage power grid, with a value of up to €860,643, marking the largest electricity theft case in the industrial sector in the region in nearly a year.During the raid, police seized 88 Bitcoin mining devices. Investigations revealed that the operation had been running illegally since October 2025, lacking both a power meter and protective systems. Its dangerous three-phase connection method also posed serious fire hazards, threatening the stability of electricity supply to nearby businesses. A 34-year-old Asian man, identified as the main suspect in the case, appeared in court in Manresa on March 3 and is currently facing charges of electricity theft.

According to Criptonoticias, the Catalonia police in Spain seized an illegal Bitcoin mining operation in Sant Vicenç de Castellet, Barcelona, which was operating through illegal connections to the high-voltage power grid.According to calculations by the Spanish national electricity company Endesa, the amount of electricity fraud involved is as high as €860,643, one of the highest amounts recorded in the industrial sector in the region over the past year. Police discovered 88 ASIC mining machines in the industrial building, which were directly connected to the grid via a three-phase system, without any meters or protection systems.Investigators pointed out that this type of connection poses a serious risk of overload and fire, while threatening the stability of power supply to surrounding businesses. A 34-year-old man, identified as a suspect in the case, appeared in court in Manresa on March 3. Currently, the judicial proceedings are only focused on the alleged crime of electricity fraud, and the police are assessing the seized equipment to determine the actual scope of activities.