Yesterday, @FBIDetroit arrested a second Chinese national on charges of smuggling biological materials into the U.S. and lying to federal agents.
This individual is Chengxuan Han, a citizen of the People’s Republic of China and a Ph.D. student in Wuhan, China. Han is the third PRC connected individual charged on similar allegations in recent days.
Han is alleged to have sent four packages to the U.S. from China containing a biological material related to round worms — addressed to individuals associated with a lab at the University of Michigan.
Upon arriving at the Detroit Metropolitan Airport on June 8, Han allegedly made false statements to federal officials regarding the packages she had previously mailed — and had erased her electronic device just days prior.
In a follow up interview with FBI and ICE HSI agents, Han admitted to sending the packages and lying about their contents.
This case is part of a broader effort from the FBI and our federal partners to heavily crack down on similar pathogeon smuggling operations, as the CCP works relentlessly to undermine America’s research institutions.
Thank you to our partners @ICEgov@CBP@HSI_HQ.
Key points from Chairman Paul Atkins’ remarks today at “DeFi and the American Spirit,” SEC’s Crypto Task Force Roundtable on Decentralized Finance – a 🧵
The new Aave staking module, Umbrella, has a positive and uplifting effect on the Aave Protocol.
The Aave Protocol is transitioning from using $AAVE as a last-resort excess debt backstop to utilizing aTokens supplied by users through Umbrella staking to generate additional yield.
Additionally, the Aave DAO can configure each staking pool with a predefined coverage amount, which serves as the first line of defense before staker funds are used as a backstop.
This system strikes an optimal balance by enabling both users and the Aave DAO to mitigate protocol risk without the need to slash any $AAVE.
While other protocols focus on risk-taking and increasing tail risk, Aave is solidifying its position as the most secure and well-backstopped lending protocol, thanks to a community that prioritizes user safety.
This is just the beginning. Aave V4 will introduce even more innovative risk management features for the benefit of users and integrators.
Just use Aave.
ETH pivot now has a tagline.
- Scale L1
- Scale blobs
- Improve UX
If they can pull this off and buy back some credibility, this may be the beginning of the ETH revival. Let's see.