Kelp DAO, Aave to resume rsETH after $292M Lazarus hack
The restart comes a week after a Lazarus-linked April 18 attack drained the restaking market's largest LRT — a clean recovery test for the DeFi lending stack that absorbed the impact.
On-chain lending and borrowing — borrow rates, liquidations, governance, and collateralized debt activity.
The restart comes a week after a Lazarus-linked April 18 attack drained the restaking market's largest LRT — a clean recovery test for the DeFi lending stack that absorbed the impact.
SOL joins the collateral stack as Coinbase's crypto-backed loan book crosses $2.3B in originations — a sign the venue is betting users want yield-plus-borrowing, not yield-versus-it.
The bad debt is gone, but the road back is brutal: FLUID buybacks paused, incentives cut or removed, and an oracle + pricing-system overhaul on the slate before the next product wave.
The 30,765 ETH is a sliver of Aave TVL but the precedent is the story: a DAO-level vote becomes the legal bridge between DeFi custody and a US terrorism judgment.
The lift only frees the funds to move — North Korea-linked judgment creditors keep their claim against whatever wallet ends up holding the ETH.
Brazilian savers in Recife now earn Aave yield on USDC, and Mexican and Argentine holders borrow against BTC and ETH without selling — DeFi stops being a niche experiment when the on-ramp stops being…
The order is a narrow procedural win for the recovery plan — but the restraining notice now follows the ETH wherever it lands, keeping terrorism judgment creditors one step behind the protocol.
The $71M in ETH the Arbitrum DAO voted to return was frozen by plaintiffs holding a North Korea judgment — Aave will borrow against the shortfall and burn the seized rsETH to drain the hacker's…
A near-unanimous DAO vote to free exploit-frozen ether now collides with a Manhattan court fight — the eight-day Constitutional AIP delay may be the only window that decides who gets the funds.
The DAO vote was near-unanimous, but a May 1 federal order tied to North Korea-related judgments freezes the path to DeFi United, leaving Aave's $190M bad debt in legal limbo.
The lending giant is folding cybersecurity, interoperability, and architecture into its listing criteria — and publishing a minimum-standards playbook the rest of DeFi will be measured against.
For a decade, DeFi audited code. Mythos maps how small weaknesses in keys, bridges and oracles chain into systemic failures — and both attackers and defenders are already moving.
A joint proposal from Aave, Kelp, and LayerZero is asking the Arbitrum DAO to release $71 million in frozen ETH as part…
Aave has proposed contributing 25,000 ETH to DeFi United, a collective effort to plug the hole left by the Kelp DAO…
Mantle has put forward a proposal to lend up to 30,000 ETH to Aave, positioning the move as a direct response to bad…
Aave V3 USDC borrowing costs ran from spike to fix to normalization in days — independently of where bitcoin trades — and that decoupling is the more useful read for institutional allocators watching…
The reframing aims to give attackers legal title to the frozen ether under a 19th-century fraud doctrine — the move that lets victims reach the funds at all, before a May 6 Manhattan hearing.
April was likely the worst month for DeFi hacks on record — a $295M Drift exploit and a similar-sized KelpDAO hit landed while State Street told Consensus Miami the rails aren't ready for…
Griff Green argues the real risk on Aave isn't smart-contract bugs — it's operational: leaked keys and social engineering from state-aligned attackers that lending markets haven't priced in.
A $3.8M seed pool and tokenized loss claims try to bridge a $295.4M gap — but relaunch as a security-first venue is the bigger industry test after Aave's Kelp DAO rescue.