via Cointelegraph · By Cointelegraph Staff
Kelp DAO, Aave Advances rsETH Recovery
AAVE/USDT
$562,959,720.54
$88.57 / $74.12
Change: $14.45 (19.50%)
-0.0006%
Shorts pay
Ethereum liquid restaking platform Kelp and decentralized lending protocol Aave have completed a series of steps to restore rsETH backing, including burning the exploiter’s rsETH tokens.
Kelp DAO detailed a post-exploit recovery for its liquid staking token rsETH on Tuesday, confirming that the hacker’s tokens were burned on the layer-2 Arbitrum network.
The 117,132 rsETH, currently worth…
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