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 minting, redemption, and rewards functions. Meanwhile, Aave is still recovering from the exploit, which left nearly $190 million in bad debt after stolen rsETH was used as collateral. Legal disputes over frozen Ether and tensions between Kelp DAO and LayerZero continue as the protocol plans to migrate its infrastructure to improve security.
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...
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...
Aave founder Stani Kulechov outlined a 12-month plan focusing on diversifying revenue streams, expanding the GHO stablecoin, and enhancing the Aave App to benefit AAVE token holders. The protocol has generated $141 million in revenue recently, driven...
