How Compound Governance Triggered a $30M Recovery From the KelpDAO Exploit

TLDR: Compound governance approved an oracle tweak that enabled liquidation of stolen rsETH collateral. The attacker used 116,500 rsETH as collateral to borrow ETH and wstETH across Compound v3. DeFi United seized nearly $30M after temporary oracle bounds forced undercollateralization. The recovered rsETH was redeemed into ETH to help restore KelpDAO’s damaged bridge reserves. DeFi [...]

The post How Compound Governance Triggered a $30M Recovery From the KelpDAO Exploit appeared first on Blockonomi.