- Home
- Kelp
Kelp

Kelp DAO Hacker Has Laundered Nearly All $220M in Unfrozen Funds, Closing the Recovery Window
On-chain traces show the DPRK-linked attacker behind April's $292 million bridge exploit has pushed the unfrozen ~$220 million through THORChain, Wasabi, Tornado Cash, and Umbra, leaving roughly $1.7 million still sitting in the original wallet.

Court Greenlights Arbitrum DAO Vote to Move $71M in Recovered Kelp ETH to Aave
The court order allows the on-chain Constitutional AIP vote and transfer to proceed without violating the restraining notice, but the freeze itself extends to Aave LLC.

Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge Hack
The liquid restaking protocol argues that the 1-of-1 verifier setup at the center of the April 18 exploit was LayerZero's own documented default.

Aave Asks Court to Vacate Restraining Notice Targeting Recovered Kelp DAO Assets
The emergency motion challenges a New York court order redirecting recovered Kelp DAO exploit funds toward decades-old terrorism judgments against North Korea.

Standard Chartered Calls Kelp Aftermath DeFi's 'Antifragile Moment'
The bank's digital assets team argues the post-Kelp coalition response and structural fixes around bridges leave DeFi stronger, not weaker, ahead of the Ethereum Economic Zone going live this summer.

DeFi United Outlines Technical Path To Make Kelp's rsETH Whole
The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiter's remaining positions.

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support
The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin ecosystems.

Aave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund
The Aave DAO is voting on a proposal to provide funding to restore Kelp DAO's rsETH product backing after an April 18 bridge incident, as part of a broader DeFi United ecosystem recovery effort.

DeFi United Fundraising Chips Away at Kelp Exploit Shortfall
Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.

Aave Announces 'DeFi United' Relief Fund to Restore rsETH Backing After Kelp Exploit
Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH.





