Kelp DAO has burned the attacker’s rsETH tokens and outlined a recovery plan to refill liquidity through Aave’s Recovery Guardian multisig before resuming withdrawals.
Kelp DAO has burned rsETH tokens held by the exploiter and mapped a two-week timeline to restore protocol liquidity and unpause withdrawals. The protocol will use Aave’s Recovery Guardian multisig wallet to refill rsETH reserves during the recovery window.
The move comes following an exploit on Arbitrum that prompted Kelp DAO to pause withdrawals. By destroying the attacker’s tokens and establishing a structured recovery plan, Kelp DAO aims to restore user confidence and resume normal protocol operations.
Sources: Cointelegraph
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
