Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
In brief The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack. The relief effort secured...
Tag : Kelp
Aave-linked DeFi United unveils rsETH recovery plan after $293M Kelp exploit
The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500...
Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses
In brief DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million, as of Monday. The coordinated relief effort has...
Aave asks Arbitrum to send 30K ETH from Kelp exploiter to ‘DeFi United’
Aave Labs has proposed that the decentralized autonomous organization behind Arbitrum unfreeze $73.5 million in Ether tied to the Kelp DAO attack and to direct...
Aave, Kelp seek $71M ETH release for rsETH rescue
Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the Kelp DAO exploit recovery plan. ...
Privacy protocol Umbra shuts front end to stifle Kelp exploiters
Privacy-focused crypto protocol Umbra said it has taken down its front-end website to make it more difficult for hackers who have been using it to...
DeFi Losses Surpass $600M as Kelp DAO Exploit Pushes TVL to One-Year Low
The Kelp DAO exploit on April 18, 2026, in which attackers minted 116,500 unbacked rsETH by poisoning a single LayerZero verifier node, has catalyzed more...
Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit
Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact...
Kelp DAO blames LayerZero defaults for $290m rsETH bridge disaster
Kelp DAO says a LayerZero “default” single‑validator setup helped enable a $290m rsETH bridge hack, forcing a messy blame game and a rushed security migration....
LayerZero Says Lazarus Group Likely Behind Kelp DAO Exploit
LayerZero has attributed the Kelp DAO exploit to North Korea’s Lazarus Group, identifying a single-point-of-failure in the protocol’s verifier setup as the technical root cause...