RSETH
DeFi United Moves to Restore rsETH Backing After $292M Exploit
DeFi United outlines a recovery plan to restore rsETH backing after the $292M Kelp bridge exploit. Key players include Aave, Consensys, and Arbitrum DAO.
Ethereum Backers Pledge 30,000 ETH to rsETH Recovery Post-Exploit
Consensys and Joe Lubin commit 30,000 ETH to stabilize rsETH after a $290M exploit disrupted DeFi markets. Governance approvals pending.
Aave (AAVE) Suffers Historic Liquidity Freeze After rsETH Exploit
A forged LayerZero message drained $292M, triggering a liquidity collapse on Aave. WETH liquidity dropped from $689M to $1.5M in hours.
Aave Proposes Two Paths to Handle $230M Bad Debt From Kelp DAO Hack
LlamaRisk outlines scenarios for allocating losses from the $293M Kelp DAO exploit, with Aave facing up to $230M in bad debt depending on Kelp's decision.
LayerZero Blames Kelp's Single DVN Setup for $290M Exploit as Aave Bleeds $8.9B
LayerZero says Kelp ignored security advice, used single verifier setup enabling $290M hack. Aave TVL drops $8.9B as bad debt mounts and blame game intensifies.
Kelp DAO $293M Exploit Triggers DeFi-Wide Contagion Across 9 Protocols
Kelp liquid restaking hack cascaded through Aave, Compound, and 7 other DeFi platforms. rsETH down 23% as industry debates isolated lending risks.
Kelp DAO Exploited for $293M in Largest DeFi Hack of 2026
Kelp's rsETH bridge drained of $293M as attacker converts stolen funds to ETH. Aave freezes markets, nine protocols impacted in cascading DeFi crisis.