Kelp DAO
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.
Aave Restores WETH Borrowing After $195M Kelp DAO Hack
Aave reopens WETH borrowing, marking progress in recovery from the $195M Kelp DAO exploit that caused an $8B TVL drop.
Kraken Joins Exodus from LayerZero, Adopts Chainlink CCIP
Kraken switches to Chainlink CCIP after Kelp DAO's $292M exploit, joining a $3B TVL migration from LayerZero.
Judge Delays Aave's Bid to Unfreeze $71M ETH from Kelp DAO Exploit
A New York judge has postponed Aave's motion to unlock $71M in ETH frozen after the Kelp DAO hack, requesting further details from all parties.
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.
Kelp DAO Exploit Spurs DeFi Shift to Chainlink, $290M at Stake
DeFi protocols like Solv and Tydro migrate to Chainlink after Kelp DAO's $290M hack exposed security flaws in oracle and bridge infrastructure.
Arbitrum Proposal to Unfreeze $71M ETH Gains 90% Approval
With 90% approval, Arbitrum moves closer to releasing $71M in frozen ETH tied to the Kelp DAO exploit, pending final on-chain governance.
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.