Aleks Gilbert
8 articles
Aave Secures Emergency Hearing to Challenge Restraining Order
Aave LLC has filed for an emergency motion to contest a restraining order affecting $71 million tied to the Kelp DAO hack, as reported by DL News. A hearing is set before Judge Margaret Garnett in New York to address the claims associated with the nearly stolen crypto, which is subject to legal disputes involving North Korean hackers.
2 months ago·DL News·Reported by Aleks Gilbert
US Senate Bans Prediction Market Trading by Senators and Staff
On March 2, 2026, the US Senate unanimously voted to ban prediction market trading among its members and staff, following concerns over insider trading. The decision aligns with a growing legislative focus on regulating prediction markets across various government sectors, as reported by DL News.
2 months ago·DL News·Reported by Aleks Gilbert
Judge Denies Sam Bankman-Fried's New Trial Request, Calls Evidence ‘Hogwash’
A federal judge has rejected Sam Bankman-Fried's request for a new trial, stating the claims of new evidence are baseless, according to DL News. This ruling is a significant obstacle in Bankman-Fried’s attempts to overturn his 2023 fraud conviction and 25-year prison sentence.
2 months ago·DL News·Reported by Aleks Gilbert
Senators Question Howard Lutnick Over Loans from Tether
Democratic Senators Elizabeth Warren and Ron Wyden question Commerce Secretary Howard Lutnick about his financial ties to Tether, the leading stablecoin issuer. They raise concerns about a loan made to a trust for Lutnick's children at the time he sold his stake in Cantor Fitzgerald, the financial firm he led for years, according to DL News.
2 months ago·DL News·Reported by Aleks Gilbert
Aave's DeFi United Raises Over $300M for Kelp DAO Hack Recovery
The DeFi United initiative, led by Aave, has raised over $302 million to address the fallout from the Kelp DAO breach on April 18, which resulted in the theft of $293 million. Major contributions come from various DAOs and crypto businesses, despite some controversy over the campaign's implications, as reported by DL News.
2 months ago·DL News·Reported by Aleks Gilbert
Clarity Act Gains Traction as Senators Agree on Stablecoin Regulations
The prospects for the Clarity Act passing in 2026 improve after senators reached a deal on stablecoin yield regulations, with Coinbase CEO Brian Armstrong signaling support. Under the proposed legislation, payments equivalent to interest on stablecoins may be banned, while rewards for certain activities remain permissible, according to DL News.
2 months ago·DL News·Reported by Aleks Gilbert
Kevin Warsh's Nomination Advances After DOJ Drops Investigation
The U.S. Senate Banking Committee advanced Kevin Warsh's nomination to lead the Federal Reserve along party lines, as reported by DL News. The shift follows the U.S. Department of Justice’s decision to drop a probe into outgoing Fed Chair Jerome Powell, which had stalled Warsh's confirmation process.
2 months ago·DL News·Reported by Aleks Gilbert
Drift Proposes Recovery Tokens Following $295M Hack
Drift announces a recovery plan to compensate users affected by a $295 million hack in April. The proposal includes issuing "recovery tokens" tied to a recovery pool funded by the platform's revenue and external commitments, according to DL News.
2 months ago·DL News·Reported by Aleks Gilbert
