Aave, together with its DeFi partners, is working to address the aftermath of the KelpDAO hack.

PANews reported on April 24th that, according to CoinDesk, following the approximately $292 million security breach at KelpDAO, Aave, in conjunction with several crypto organizations, launched the "DeFi United" rescue operation, aiming to stabilize the DeFi market and fill the rsETH collateral gap. The Lido Labs Foundation, under Lido Finance, proposed allocating up to 2,500 stETH (approximately $5.7 million) to a dedicated rescue tool; EtherFi proposed contributing 5,000 ETH; and Aave founder Stani Kulechov pledged to contribute 5,000 ETH. Aave stated that further commitments will be announced after official confirmation.

In this incident, the attackers minted 116,500 uncollateralized rsETH, depositing nearly 90,000 of them into Aave as collateral, and borrowed approximately $190 million in ETH and related assets, causing Aave's total locked value to evaporate by $10 billion. Previously, the Arbitrum Security Council froze approximately 30,700 ETH (about $71 million), but the remaining stolen funds had already been bridged through Thorchain and converted into Bitcoin, making recovery more complicated.

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Author: PA一线

This content is for market information only and is not investment advice.

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