La Porta Industries, an Italian company headquartered in Sicily, a leader in the field of metallic carpentry, backed by investment fund WRM Group (Luxembourg), has voiced its intention to acquire the bankrupt Mangalia shipyard.
One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried. US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country's 250th birthday on July 4, according to The Wall Street Journal. An official announcement could come on June 14, Trump's birthday, or during the Independence Day event on July 4, the WSJ reported Thursday, citing people familiar with the matter. However, the pardons are still in the preliminary stages and have yet to be confirmed. More than 16,000 formal requests for presidential pardons were submitted last year. Read more
A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place. A New York judge has delayed a decision on Aave’s emergency bid to unfreeze $71 million worth of crypto tied to victims of the $293 million Kelp DAO hack, asking for additional information ahead of a new hearing in June. Aave has sought to use $71 million in ETH that Arbitrum froze to assist with recovery efforts following the Kelp DAO hack, one of the worst DeFi hacks this year. However, US law firm Gerstein Harrow LLP filed a restraining notice at the start of May, arguing its clients have a claim to the funds. Aave then filed an emergency motion to get the funds unlocked, arguing that user liquidations and potential DeFi market destabilization could occur if the funds are not unlocked soon. Read more