KelpDAO and Aave announced the resumption of operations with rsETH after completing the first steps of the post-exploit recovery plan. The April 18 attack, attributed to North Korea's Lazarus Group, generated approximately $190 million in bad debt for Aave and $292 million in total losses.
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.
An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery.
Decentralized finance protocol Aave has strengthened its presence in one of the world's most dynamic crypto regions by collaborating with key fintech platforms across Latin America.
How are the efforts to reshape market confidence going?
Aave Labs will add cybersecurity and architecture reviews to its asset listing process following the April KelpDAO bridge exploit, with the goal of setting a new bar for DeFi risk management.
The lending giant is expanding its asset listing criteria beyond financial risk to include cybersecurity and architecture, and wants the rest of DeFi to follow.
Aave clears final $30M hacker positions tied to the $293M KelpDAO exploit as frozen ETH and legal battles still threaten recovery.
Aave announced that Arbitrum DAO had voted in favor of unlocking and liquidating the stolen ETH from the KelpDAO hack.
Aave entered April 2026 as DeFi's most trusted lending protocol. It is ending the month navigating the most damaging crisis in its history — one that did not require a single line of its own code to be broken.
Aave has liquidated attacker rsETH positions, securing collateral as part of its recovery process following the April exploit.
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 4 motion to vacate a court order freezing $71 million in ETH recovered from a recent exploit.