Kelp DAO and Aave to Resume rsETH Operations After $292M Exploit
Kelp DAO and Aave will resume rsETH operations following a $292 million exploit. Recovery is progressing.
Kelp DAO
Arbitrum DAO Approves $70M ETH Release for Kelp DAO Fund Recovery
Arbitrum DAO Approves $70M ETH Release for Kelp DAO Recovery Arbitrum DAO has voted to approve the release of approximately $70 million in ETH to recover funds related to the Kelp DAO incident. However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency application to lift the restrictions. This marks an increasingly complex interaction between decentralized governance and the judicial system. The Arbitrum community had previously voted to recover funds transferred due to a Kelp DAO bridge vulnerability, but legal uncertainty has stalled the transfer process. ...
Kelp DAO Ditches LayerZero for Chainlink After $292M Bridge Exploit
Kelp DAO has migrated from LayerZero to Chainlink’s cross-chain infrastructure following a $292 million bridge exploit and a blame dispute between the two protocols.