WETH markets return to normal operations on Aave amid rsETH recovery progress

In recent developments, aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves. Looking closer,…

Kelp DAO eyes unpausing withdrawals after attackers’ rsETH on Arbitrum is b…

In recent developments, kelp DAO has burned the exploiter’s tokens and outlined a two-week plan to refill rsETH through Aave’s Recovery Guardian multisig wallet. Looking closer, market participants highlight key…

After the $16.5 billion in exploits, DeFi is now being forced toward the cont…

In recent developments, the rsETH crisis resulted in $200 million in bad debt on Aave’s books, despite not a single line of its contracts misbehaving. On Apr. 18, attackers that…

Beyond the Breach: Why rsETH’s Depegging Demands a New Standard for Bridge …

In recent developments, following a breach by suspected North Korea-backed hackers, KelpDAO’s liquid restaked token, rsETH, depegged from ether. Flare CPO Filip Koprivec argues that the rsETH incident proves bridge…

Incident Report: Llamarisk, Aave Service Providers Detail Kelp rsETH Hack Acr…

In recent developments, an incident report published by Llamarisk to the Aave forum explains that a bridge exploit targeting KelpDAO’s Layerzero V2 rsETH route on Saturday allowed an attacker to…

DeFi Lender Aave Battles Withdrawal Crisis After KelpDAO rsETH Exploit

In recent developments, aave, one of DeFi’s largest lending protocols, is managing a liquidity crisis and an estimated $177 million to $200 million in bad debt after attackers siphoned 116,500…