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Aave leads $101M DeFi rescue effort to restore rsETH backing after Kelp hack – TON BOT

Aave leads $101M DeFi rescue effort to restore rsETH backing after Kelp hack

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Decentralized finance protocols have pledged over $101 million in Ether to stabilize rsETH after a $293 million exploit. Aave’s “DeFi United” relief effort has gathered commitments exceeding 43,500 Ether. Various organizations, including Mantle and EtherFi Foundation, have committed funds to help restore the backing of rsETH. Recovery efforts are ongoing, with freeze measures in place to contain the damage. Blockchain analysts have indicated that a significant portion of the funds linked to the attack have already been laundered. The recovery effort now depends on whether the combined contributions can cover the losses from the exploit.

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