Following KelpDAO Hack, Aave Unveils New Risk Management Framework
Aave founder Stani Kulechov announced the proposal for a new risk management framework designed by LlamaRisk for the decentralized lending protocol. This measure comes as a
kelpDao (Latest Publications)
Kelp DAO Hacker Launders Nearly All Unfrozen Funds, Leaving Just $1.7M Traceable
TL;DR: The hacker behind the $293 million Kelp DAO exploit laundered nearly $220 million in stolen funds in just six weeks. The funds were laundered in
Aave Tightens Asset-Listing Framework After Bridge Failure Triggers $230M Exploit
TL;DR: Aave is reviewing every V3 asset and rewriting listing standards after a $230 million rsETH exploit tied to KelpDAO’s LayerZero-powered bridge. The attack allowed one
Decision on Aave’s Emergency Motion Pushed to June Hearing
TL;DR: Aave seeks to unfreeze the $71 million in ETH frozen by Arbitrum following the $293 million hack suffered by KelpDAO. A New York judge requested
KelpDAO and Aave prepare to restart rsETH operations after initial recovery
TL;DR: 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
Arbitrum DAO Approves $70M ETH Release for KelpDAO Recovery Despite Federal Court Threat
TL;DR: Arbitrum DAO approved with 90.96% of votes to release 30,765.67 ETH, equivalent to approximately $70 million, to compensate victims of the KelpDAO exploit. A court
Solv Protocol Moves Tokenized Bitcoin Infrastructure to Chainlink CCIP
TL;DR: Solv Protocol will migrate over $700 million in tokenized bitcoin from LayerZero to Chainlink’s CCIP protocol following a security review. The decision follows the Kelp
Aave DAO Votes to Liquidate Frozen ETH From KelpDAO Hack in Coordinated Recovery Push
TL;DR: Aave DAO voted with over 90% approval to liquidate the frozen funds from the KelpDAO exploit worth $292 million. Arbitrum authorized the release of 30,765.67
KelpDAO Challenges LayerZero’s Narrative, Citing Evidence of Infrastructure Breach in $300M Exploit
TL;DR: KelpDAO held LayerZero responsible for the April 18 exploit that caused losses of over $300 million. Independent researchers from SEAL 911 confirmed the breach occurred
Aave Battles Court-Ordered ETH Freeze, Says “Stolen Funds Aren’t Property”
TL;DR: Aave filed an emergency motion to lift a court order that froze approximately $73 million in ETH linked to the Kelp DAO exploit. The attribution
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