Overview
- Aave, which said Wednesday it finished closing the attacker’s rsETH loans on Ethereum and Arbitrum, moved the recovered assets into DeFi United’s Recovery Guardian wallet.
- Clearing those positions was expected to free about 13,000 ETH, and Aave said no user funds were required and its Umbrella backstop was not triggered.
- The recovery pool remains about 10% short of the Ether needed to fully reback rsETH, a restaked Ether token whose value depends on on-chain reserves.
- Arbitrum DAO voters have signaled over 90% support to release 30,765 frozen ETH to the fund, but a New York restraining notice from Gerstein Harrow blocks any transfer as Aave seeks to vacate it.
- The April 18 bridge exploit used a single-verifier setup tied to LayerZero to mint 116,500 unbacked rsETH, and Kelp DAO now plans to migrate cross-chain messaging to Chainlink’s CCIP after the attack left lenders with over $190 million in bad debt.