Aave restores WETH borrowing as Kelp DAO recovery moves ahead
Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April...
Tag : Kelp
Aave vote targets $71M Kelp exploit funds
An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery. Summary A binding Arbitrum Improvement...
Kelp DAO exploit prompts DeFi protocols to rethink oracle providers
Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have...
Arbitrum DAO Votes to Unlock $70 Million for Kelp DAO Exploit Relief
In brief Arbitrum DAO has voted in favor of releasing 30,765.67 ETH to a recovery address controlled by Aave, KelpDAO, EtherFi, and Certora. A U.S....
Arbitrum vote to release $71M in frozen Kelp exploit ETH set to pass
A joint proposal to release the roughly $71 million in Ether frozen after the Kelp DAO exploit is set to pass later on Thursday, moving...
Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum
Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and...
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April,...
Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink
In brief Kelp says LayerZero approved the setup tied to a $292 million exploit, which LayerZero disputes. The protocol is redesigning its cross-chain system after...
Aave Fights to Unfreeze $71 Million as Kelp DAO Hack Spills Into Court
In brief Aave asks a New York court to release $71 million frozen on Arbitrum after the Kelp DAO exploit. Plaintiffs claim the funds are...
US law firm attempts to block transfer of frozen ETH from Kelp exploit
A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are...