Kelp DAO
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.
Aave Pushes Arbitrum to Release Frozen $73M ETH Post-Kelp Hack
Aave urges Arbitrum to unfreeze $73M in stolen ETH, aiming to restore rsETH backing after the $292M Kelp DAO hack.
47% of LayerZero OApps at Risk After $292M Kelp DAO Hack
Nearly half of LayerZero OApps share the same risky 1-of-1 DVN configuration exploited in the $292M Kelp DAO hack. Here's what it means for the ecosystem.
Aave Deposits Plunge $15B After Kelp DAO Exploit
A $293M exploit on Kelp DAO has triggered a $15B liquidity outflow from Aave, exposing vulnerabilities in DeFi lending protocols.
Umbra Shuts Front End Amid $280M Kelp Exploit Fallout
Umbra disables its front-end to hinder hackers from laundering $280M stolen in the Kelp DAO exploit. Privacy protocols face scrutiny.
Kelp Exploiter Launders $175M in Stolen Funds via THORChain, Umbra
Kelp DAO exploiter begins laundering $175M in ETH post $290M hack using decentralized protocols like THORChain. Arbitrum freezes 30,766 ETH.
Arbitrum Freezes $71M in ETH Linked to Kelp DAO Hack
Arbitrum's security council froze 30,766 ETH connected to the $293M Kelp exploit, sparking debate over Layer 2 decentralization and governance powers.
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.
AAVE Token Crashes 20% as $293M Kelp DAO Hack Triggers $8B TVL Exodus
Aave loses $8 billion in TVL after hackers use stolen Kelp DAO funds as collateral, creating $195M in bad debt and freezing $5.1B in stablecoins.