Following a $292 million security breach, Kelp DAO and Aave have started restoring 117,132 stolen rsETH tokens through a two-week phased process. The restoration aims to reinstate full platform functions including withdrawals, deposits, and cross-chain transfers, supported by enhanced bridge security protocols. Aave completed initial recovery steps by removing attacker holdings and is facilitating the token redistribution. Legal challenges over frozen assets persist, while Kelp plans to improve security by moving bridge operations to Chainlink CCIP.
Ether withdrawals for KelpDAO users are set to resume within 24 hours following a coordinated burn of attacker-minted rsETH tokens on Arbitrum. The exploit involved fraudulent minting of 116,500 rsETH tokens, leading to over $190 million in undercoll...
Cryptocurrency markets display mixed price changes with Bitcoin trading around $80,711, slightly down by 0.52%. Ethereum and several other major coins like XRP and ADA also show declines, while some altcoins such as CRO and TON report gains above 3%....
MORPHO has reached a Total Value Locked (TVL) of $11.78 billion, making it the second-largest lender in the DeFi sector after Aave, which leads with $27 billion. This growth comes as many DeFi protocols faced challenges following the KelpDAO hack, wh...
A U.S. federal court has authorized an onchain vote by Arbitrum DAO to transfer over 30,765 ETH related to the rsETH exploit recovery to a wallet controlled by Aave LLC. This legal intervention supports the transfer while court proceedings continue, ...
Aave has partnered with fintech platforms across Latin America to integrate its decentralized lending protocol into consumer apps, allowing users to earn returns on stablecoins without blockchain complexity. This move addresses inflation, currency vo...
