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The Kelp DAO exploiter laundered about $220 million of stolen rsETH in six weeks, leaving only $1.7 million traceable as recovery hopes fade.
DeFi protocols Aave and Kelp DAO initiated a recovery plan on May 12 by burning an exploiter's rsETH token holdings on the Arbitrum network.
The Mantle community passed proposal MIP-34 to authorize a loan of up to 30,000 ETH to Aave DAO to help cover bad debt from the rsETH security incident.
Following a $292 million exploit on its rsETH bridge, KelpDAO is migrating its cross-chain infrastructure from LayerZero to Chainlink's CCIP, citing critical vulnerabilities in LayerZero's single-verifier setup.
Kelp DAO Restaked ETH (RSETH) current price is $1981.21, down 7.11% today.
Kelp DAO Restaked ETH (RSETH) daily trading volume is $439.5K
Kelp DAO Restaked ETH (RSETH) current market cap is $1.1B
Kelp DAO Restaked ETH (RSETH) current circulating supply is 571.0K
Kelp DAO Restaked ETH (RSETH) fully diluted market cap (FDV) is $1.1B