Kelp DAO rsETH recovery has reached its operational finish line, ending a five-week effort to stabilize the liquid staking token after a $293 million exploit shook the protocol and rippled through parts of decentralized finance.
The final step was specific: 20,373.72 rsETH was sent to the LayerZero OFT adapter, the mechanism used for cross-chain transfers of the token. That transfer matters because it marks the end of the main restoration work after an April 18 attack that reports linked to North Korea’s Lazarus Group.
For users and DeFi watchers, this was bigger than one protocol’s cleanup job. The breach hit Kelp DAO directly, but it also spilled into Aave, where stolen rsETH was used as collateral and helped create a broader stress event across lending markets.
Kelp DAO says the rsETH recovery is complete
Kelp DAO said it completed the operational phase of its rsETH recovery plan as of May 26, 2026.
That milestone came five weeks after the exploit disrupted the prot
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