Aave has filed an urgent motion in New York to overturn a restraining order freezing about $73 million in Ether recovered after a major April 18 hack on the Kelp DAO platform. The freeze was requested by Gerstein Harrow LLP, representing clients with judgments against North Korea, alleging the stolen funds are linked to North Korean hackers. Aave argues the assets belong to the victims, not the alleged criminals, and warns the freeze threatens the broader DeFi recovery effort, which has gathered over $327 million for restitution. The court has yet to decide, and Aave demands a $300 million bond if the freeze continues.
Kelp DAO has completed the recovery of its rsETH token following a $293 million exploit in April 2026 linked to North Korea's Lazarus Group. The final batch of rsETH was transferred to the LayerZero OFT adapter, restoring full cross-chain bridge func...
Kelp DAO has finished the operational phase of its recovery plan for rsETH after a $293 million hack linked to North Korea’s Lazarus Group in April. The protocol restored token backing by transferring the final batch of rsETH and resumed normal minti...
Babylon Labs has submitted a proposal to Aave DAO to integrate native Bitcoin (BTC) as collateral on Aave V4 using Trustless Bitcoin Vaults, eliminating the need for bridges or custodians. This integration aims to utilize Aave's $5 billion supply of ...
Kelp DAO has finalized its recovery plan after a $292 million exploit that compromised rsETH tokens on its Ethereum bridge. The final batch of 20,373.72 rsETH was sent to the LayerZero OFT adapter, restoring normal operations including minting, redem...
Babylon Labs proposed an Aave V4 integration enabling borrowing against native Bitcoin collateral directly on the Bitcoin network, avoiding wrapped BTC, bridges, and custodians. The system uses Taproot-based vault scripts and introduces a non-transfe...
