Kelp DAO Says rsETH Fully Restored 5 Weeks After Hack

Kelp DAO Says rsETH Fully Restored 5 Weeks After Hack

Ethereum liquid staking protocol Kelp DAO says its restaked Ether token has been restored with a five-week recovery effort after the protocol suffered a $293 million exploit by North Korea’s Lazarus Group on April 18. Kelp DAO posted to X on Monday that the final tranche of 20,373.7 Kelp DAO restaked ETH (rsETH) tokens was sent to the LayerZero smart contract responsible for locking, minting, burning and releasing rsETH during cross-chain transf…

Kelp DAO Restores 116K rsETH as Aave Confirms Full Recovery

Key Takeaways: Kelp DAO has finished the recovery operation for rsETH. More than 116,000 rsETH have been restored to the LayerZero adapter. Aave confirmed all markets and rsETH operations are functioning normally. Weeks after lending markets and cross-chain liquidity were disturbed by one of the biggest DeFi security events of 2026, Kelp DAO has completed the operational recovery of its restaked version of the Ethereum token, rsETH. The protoco…

KelpDAO Completes Final rsETH Transfer to LayerZero Lockbox as Recovery Phase Concludes

KelpDAO has finalized the operational phase of its rsETH recovery plan, transferring the last tranche of tokens into its cross-chain adapter and restoring full bridge coverage — but the harder work of rebuilding user trust may still lie ahead. KelpDAO announced on May 25 that it has completed the operational phase of its rsETH recovery plan, transferring a final tranche of 20,373.72 rsETH into the protocol’s Omnichain Fungible Token (OFT) adapte…

Kelp DAO Completes Recovery of Restaked Ether Token Following Major Hack

Ethereum liquid staking protocol Kelp DAO has completed the restoration of its rsETH token after suffering a $293 million exploit linked to North Korea’s Lazarus Group. The recovery effort involved multiple DeFi protocols under the “DeFi United” initiative to rebuild rsETH backing and restore cross-chain operations.

Kelp DAO reopens full rsETH functionality after cross-chain exploit

Kelp DAO has completed the operational phase of its rsETH recovery plan more than five weeks after the Ethereum liquid staking protocol lost $293 million in a hack that investigators linked to North Korea’s Lazarus Group. According to a Monday…

Kelp DAO says rsETH restored 5 weeks after $293M protocol hack

Kelp DAO says that sETH mints, redemptions and rewards operations have been running smoothly since it opened withdrawals for the token earlier this …