Aave Unpauses rsETH Markets After Coordinated $292 Million Kelp DAO Recovery
TLDR: An attacker minted 116,500 unbacked rsETH tokens worth $292M by exploiting Kelp DAO’s LayerZero bridge in April. Aave paused...
KelpDAO Switches to Chainlink CCIP After $292M LayerZero Exploit
TLDR: KelpDAO lost 116,500 rsETH in an April 18 exploit tied to North Korea’s Lazarus Group via LayerZero. LayerZero’s 1-of-1 DVN...
LayerZero Pledges 10,000 ETH to DeFi United as Industry Rallies Behind Kelp DAO...
TLDR: LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to strengthen market liquidity. The $292M Ke...
Aave and Partners Push Arbitrum DAO to Release 30,765 ETH for rsETH Recovery Eff...
TLDR: Aave and partners submitted a governance proposal asking Arbitrum DAO to release 30,765.67 frozen ETH. The April 18 rsETH ex...
Kelp and Aave Lead rsETH Recovery Push as 89,500 ETH Shortfall Remains Outstandi...
TLDR: Kelp and Aave began coordinating rsETH recovery efforts on April 18 following a 163,200 ETH shortfall incident. Kelp recover...
Mantle Weighs 30,000 ETH Credit Facility to Cover Aave rsETH Exploit Fallout
TLDR: Mantle may lend Aave DAO up to 30,000 ETH after the rsETH bridge exploit on April 18. Attackers used 89,567 stolen rsETH on...
KelpDao Funding Move: Lido Proposes $6M Allocation Of Staked ETH To Bridge Short...
KelpDAO’s liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $...
Ripple CEO Breaks Down How XRP Ledger DeFi Users Are Protected From Attacks Like...
David Schwartz, the former Chief Technology Officer (CTO) of Ripple, has addressed recent concerns over DeFi bridge security, reas...
Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack
LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperabili...
Spark’s Early rsETH Delisting Shields Protocol as Aave Faces ETH Liquidity Crisi...
TLDR: Spark delisted rsETH in January 2025, months before a security incident involving the asset emerged. Aave’s ETH markets on M...