KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit
The British Columbia claim puts LayerZero’s role in the bridge security failure at the center of a dispute over one of crypto’s largest reported exploits.
Every Zipp story tagged $RSETH, newest first.
The British Columbia claim puts LayerZero’s role in the bridge security failure at the center of a dispute over one of crypto’s largest reported exploits.
WETH borrowing is back at pre-incident levels across seven Aave V3 deployments — the second step in the rsETH recovery plan, with the swap-path work still open.
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…
DeFi United coordination is widening: Compound's 3,000 ETH sits alongside Avalanche Foundation support and Renzo's $10M+ Aave liquidity as the protocol stack absorbs the loss across multiple venues.
The contracts held — the bridge didn't. Aave V3 lost $4B of usable liquidity in 29 hours, and WETH utilization hit 100% in under 90 minutes before the Protocol Guardian stepped in.
The proposal adds a major protocol treasury to a recovery coalition that has already cut the bridge-incident shortfall to roughly 75K ETH from an initial 163K.