Kelp DAO Restores rsETH Backing After $293M Exploit
Kelp DAO said it restored backing and full functionality for rsETH roughly five weeks after an April 18, 2026 exploit drained about $293 million. The recovery aimed to neutralize unbacked minting and restore user access to deposits, redemptions and bridging across Ethereum mainnet and supported Layer 2 networks.
Aave Restores WETH Borrowing After rsETH Exploit Recovery
Aave reinstated Wrapped Ether loan-to-value limits and reopened WETH markets on May 17, 2026, after a coordinated recovery from the April rsETH bridge exploit. The move restored normal borrowing conditions across Aave V3 deployments and resumed rsETH deposits and withdrawals, easing a major liquidity constraint for traders and treasury teams.
Court Delays Aave’s Bid to Unfreeze $71M in Ethereum
A federal judge in New York has delayed a decision on Aave’s emergency motion to unfreeze 30,766 ETH, worth roughly $71 million, setting a June 5, 2026 hearing and ordering supplemental briefs by May 22. The delay keeps one of DeFi’s most consequential asset-recovery disputes in legal limbo while the court weighs ownership, creditor priority […]
Arbitrum DAO Cleared to Vote on $71M KelpDAO Recovery Transfer
A federal judge in Manhattan has modified a restraining order, clearing the way for Arbitrum DAO to hold a binding on-chain governance vote on transferring 30,765 ETH, worth roughly $71 million, to Aave LLC as part of a recovery plan for victims of the KelpDAO exploit. The decision removes an immediate procedural block on the […]
ArbitrumDAO Elects New Security Council as ARB Rallies
ArbitrumDAO has elected six new members to its 12-person Security Council, a governance update that immediately lifted market sentiment around ARB. The token rallied nearly 5% to $0.1193 after the results, as traders interpreted the vote as a strengthening of Arbitrum’s emergency-response capacity.
Ethereum Exit Queue Surges After April DeFi Hack Wave
Ethereum’s validator withdrawal queue has surged dramatically, with roughly 433,158 ETH waiting to exit and withdrawals facing delays of about seven days. The spike, estimated at around 72,000% over two weeks, followed a brutal April 2026 DeFi security wave that drained approximately $635 million across multiple exploits.
Kelp DAO Exploit Exposes the Hidden Fragility of Cross-Chain DeFi
Kelp DAO’s rsETH restaking system became the center of the largest DeFi exploit reported in 2026 after an attacker manipulated a cross-chain component and minted roughly 116,500 rsETH between April 17 and April 19. The exploit allowed an estimated $292 million to $294 million to be extracted from connected DeFi rails, turning a single bridge […]