Kelp DAO Says rsETH Fully Restored 5 Weeks After Hack
Cointelegraph
Kelp DAO has successfully restored its rsETH token backing five weeks after a major $293 million exploit linked to the Lazarus Group.Summary
Kelp DAO announced the full restoration of its rsETH token following a $293 million hack on April 18, attributed to the North Korean Lazarus Group. The recovery involved the transfer of the final tranche of tokens to the LayerZero smart contract, concluding the operational phase of the recovery plan supported by the DeFi United initiative. The original exploit caused significant market instability, including $190 million in bad debt on Aave, leading to a substantial decline in the protocol's total value locked.
(Source：Cointelegraph)