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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…
A U.S. federal judge has authorized the transfer of approximately 30,765 ETH, worth roughly $71 million, to an Aave-controlled wallet, clearing the final legal obstacle in decentralized finance’s most complex…
On May 4, decentralized finance protocol Aave filed an emergency motion to lift a restraining notice that has frozen $71 million in recovered ethereum. Key Takeaways: Aave filed a May…
Aave has announced a recovery plan following an April 18 exploit that affected its liquidity markets and collateral positions on several chains. The update explains how DeFi United, a group…
Fourteen protocols have committed over $161 million to Defi United’s rsETH recovery effort, with Compound the latest to join, proposing a contribution of 1,900 to 3,000 ether worth $6.9 million…
Consensys and Ethereum co-founder Joe Lubin has joined DeFi United, pledging up to 30,000 ETH to help restore rsETH backing following a bridge incident that rattled the protocol on April…
Babylon Foundation is committing $3 million to Aave in a bid to support DeFi markets following recent instability. The move signals growing alignment between bitcoin-focused projects and broader decentralized finance…
A coordinated decentralized finance ( DeFi) relief effort has reportedly raised $160 million to cover bad debt created when attackers exploited KelpDAO’s bridge and deposited unbacked collateral into Aave V3…
A coalition of five DeFi protocols filed a Constitutional AIP on the Arbitrum governance forum on April 25, asking the Arbitrum DAO to release 30,765.67 ETH frozen after the April…
In the aftermath of the April 18 exploit that left KelpDAO’s rsETH with a significant backing shortfall, Aave’s service providers have taken the lead in organizing a coordinated industry response…