RSETH
Kelp DAO Hacker Launders $220M, Recovery Prospects Dwindle
Kelp DAO hacker launders $220M from $293M exploit, leaving $71M frozen by Arbitrum. Court hearings to decide recovery fate.
Kelp DAO Restores rsETH After $293M Hack, Completes Recovery
Kelp DAO fully restores rsETH backing after a $293M hack. Key recovery milestones and implications for Aave and DeFi.
Kelp DAO and Aave Advance rsETH Recovery After $293M Hack
Kelp DAO resumes withdrawals after burning attacker’s rsETH on Arbitrum and initiating a two-week recovery process with Aave's support.
Mantle Tokenholders Approve $68M Aave Credit Facility After Exploit
Mantle tokenholders authorize a $68M credit facility for Aave DAO to address bad debt following the rsETH exploit, aiming to stabilize markets.
Aave Liquidates Kelp DAO Hacker’s rsETH Collateral, $30M Recovered
Aave liquidates Kelp DAO hacker’s rsETH collateral on Ethereum and Arbitrum, recovering $30M. DeFi United inches closer to restoring rsETH backing.
Kelp DAO Shifts rsETH to Chainlink After $292M LayerZero Exploit
Kelp DAO migrates rsETH to Chainlink CCIP after $292M LayerZero exploit, citing security concerns over LayerZero's cross-chain infrastructure.
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.