Aave has announced a recovery plan following an April 18 exploit that affected its liquidity markets and collateral positions on several chains.
The update explains how DeFi United, a group of ecosystem participants, intends to restore the backing of rsETH and bring affected markets back to normal.
Recovery Process
The issue started when an attacker exploited a vulnerability in rsETH’s bridge from Unichain to Ethereum, causing a fake transaction to be processed on Ethereum. Therefore, 116,500 rsETH was released to multiple addresses, some of which were used as collateral on Aave 3 and some bridged to Arbitrum. Early damage-control measures included the Arbitrum security council freezing 30,766 ETH linked to the exploit. However, this still left a huge balance and had a major impact on the markets.
At the moment, about 107,000 rsETH from the stolen amount remains locked in active positions on Aave and Compound. To fix this, the protocol organized a coordinated industry response under
We współpracy z: https://cryptopotato.com/aave-outlines-steps-to-rebuild-rseth-collateral/
