Topic
recovery-effort
1 stories related to this topic, newest first.
cointelegraph.comfinance12 days agoDeveloping
$190 Million Crypto Exploit Hits KelpDAO and Aave; DeFi Groups Initiate Recovery Plan
An attacker exploited a vulnerability in KelpDAO’s integration with LayerZero to mint unbacked rsETH tokens and borrow $190 million from Aave. Industry players, including Lido Finance and EtherFi, are coordinating a bailout to restore token backing and prevent bad debt. The incid…