U.S. Law Firm Action Complicates Frozen ETH Release
An Arbitrum forum update flagged rising scrutiny around a restriction notice tied to the proposed release of frozen ETH from the Kelp-related rsETH incident. The post
kelpDao (Latest Publications)
The Lazarus-Driven $606M April Hack Wave: Is DeFi’s Security Model Fundamentally Broken?
April 2026 should unsettle anyone still treating DeFi security as a sequence of isolated bugs. The month’s early tally, more than $606 million stolen across 12
DeFi United Launches Recovery Blueprint for rsETH After Lazarus‑Linked $292M Attack
TL;DR: DeFi United published a technical plan to restore rsETH backing after the $292 million exploit that affected Kelp DAO on April 18. The restoration involves
Circle Ventures Buys AAVE to Back DeFi Rescue Effort After Kelp DAO Exploit
The week begins with news of massive support for the coordinated rescue initiative known as DeFi United, following the commitment of Circle Ventures, Consensys, and Ethereum
Solana Foundation Deploys USDT on Aave to Help Stabilize Protocol After KelpDAO Exploit
TL;DR The Solana Foundation made its first capital deployment outside its ecosystem by lending treasury-held USDT into Aave after the KelpDAO bridge exploit. DeFi United had
Curve Founder Proposes Turning Bad Debt Into Tradable Investment Products
TL;DR: Curve founder Michael Egorov proposed a market mechanism to recover bad debt in DeFi protocols without resorting to direct bailouts. The model converts deteriorated positions
Mantle Proposes 30,000 ETH Loan to Aave DAO to Help Absorb KelpDAO Bad Debt
Mantle published proposal MIP-34 to grant a loan of up to 30,000 ETH to Aave DAO, aimed at absorbing the bad debt generated by the Kelp DAO exploit last
THORChain Highlights Decentralized Principles Amid Exploit Fallout and Upcoming Feature Rollout
TL;DR: THORChain refused to block funds from the KelpDAO exploit, reaffirming its stance as neutral, permissionless infrastructure. The protocol is preparing a tiered revenue-sharing model for
Aave Unveils ‘DeFi United’ Fund to Restore rsETH Backing After KelpDAO Exploit
Following the KelpDAO exploit on April 18, Aave introduces the “DeFi United” initiative, a coordinated effort designed to cover the rsETH (Kelp DAO restaking token) deficit.
Kelp DAO Hacker Launders Nearly All Unfrozen ETH, Leaving Only Arbitrum’s Freeze Recoverable
TL;DR Laundering: The Kelp DAO attacker routed nearly all unfrozen ETH through THORChain and Umbra, emptying their main wallet and reducing recovery prospects. Arbitrum Freeze: Arbitrum’s
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