ARB

Arbitrum

What Is Kelp DAO Reopening After the Exploit? Kelp DAO and Aave said they will restart rsETH-related operations in the coming days after completing the first recovery steps tied to last month’s $292 million exploit. Kelp said 117,132 rsETH, equal to the amount stolen on April 18,...

The decentralized finance (DeFi) world is inching toward stability following one of the largest exploits in recent memory. The Kelp DAO recovery effort has gained significant momentum as Ethereum liquid-restaking protocol Kelp DAO, in partnership with DeFi lending giant Aave, con...

Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker’s rsETH tokens on Arbitrum successfully neutralized the exploit’s impact. MORE THAN AN EXPLOIT The rsETH bridge lockbox on Arbitrum is being refilled, and ether withdrawals for users affected by the KelpDAO exploit are expected to start

Kelp DAO and Aave launch rsETH restoration with 117,132 tokens being refilled over two weeks, implementing stronger security and recovery protocols. The post rsETH Recovery Underway as Kelp DAO and Aave Launch Restoration Plan After $292M Breach appeared first on Blockonomi.

Key Takeaways Ethereum: 10.2K dev activity events, +7.48% – 2.27x more than second-place BNB Chain. BNB Chain: 4.5K events, +21.13% […] The post Crypto Dev Activity Hit a High: The Teams Behind It Got Smaller appeared first on Coindoo.

🚨 Kelp DAO has burned 117,132 rsETH worth $278 million after a $293 million hack. Platform is gradually restoring $1.5 billion in $rsETH collateral to users. 🛡️ Key point: New security measures require four validators and 64 block confirmations. Continue Reading:Kelp DAO burns ...

In a significant stride toward recovery, Aave and Kelp have successfully executed the initial phase of their recovery strategy by burning attacker-managed rsETH tokens on Arbitrum as of May 12. This action represents a vital step in addressing the breach from April, which exploit...

U.S. Senate Banking Committee members filed more than 100 amendments to a crypto bill, raising the stakes for markup, revisions, and industry impact. The post U.S. Senate Banking Committee Files 100+ Amendments to Crypto Bill was initially published on Coincu.

BitcoinWorld Aave Completes First Phase of rsETH Technical Recovery, Begins Liquidity Restoration Aave (AAVE) announced the successful completion of the first phase of technical recovery for rsETH, the liquid restaking token affected by a security incident at KelpDAO. The project...