GeriAave-Led Coalition DeFi United Unveils $303M Recovery Plan to Restore rsETH Backing After North Korean Hack

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Decrypt28.04.2026Teknoloji

Aave-Led Coalition DeFi United Unveils $303M Recovery Plan to Restore rsETH Backing After North Korean Hack

Coalition aims to recover 29,776 ETH from Aave and Compound after Kelp DAO exploit left protocols exposed to $293M in worthless collateral

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Aave-led coalition DeFi United has published a technical plan to restore backing for rsETH tokens and eliminate bad debt from North Korean hackers who exploited Kelp DAO on April 18, stealing $293 million.
The coalition aims to recover approximately 29,776 ETH across Aave and Compound, with $303 million in committed capital from major industry players including Consensys, Joseph Lubin, and Aave Labs CEO Stani Kulechov.

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Aave-led coalition DeFi United has published a technical plan to restore backing for rsETH tokens and eliminate bad debt from North Korean hackers who exploited Kelp DAO on April 18, stealing $293 million. The coalition aims to recover approximately 29,776 ETH across Aave and Compound, with $303 million in committed capital from major industry players including Consensys, Joseph Lubin, and Aave Labs CEO Stani Kulechov.

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