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Kelp DAO says rsETH restored 5 weeks after $293M protocol hack
Kelp DAO announced that sETH minting, redemptions, and rewards operations are functioning smoothly after restoring rsETH five weeks following a $293 million protocol hack. Withdrawals for the token were reopened earlier this month.
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Adjacent reporting
- Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
- SWEAT protocol thwarts multi-million dollar exploit, restores user balances
- DeFi United unveils plan to restore rsETH after $292 million Kelp DAO exploit
- On April 18, a hacker minted 116,500 rsETH tokens out of nothing.
- How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack
- Kelp DAO, Aave to resume rsETH operations as recovery from $292 million exploit progresses