BroadChain News, April 24, 08:30 — According to CoinDesk, after KelpDAO suffered a security vulnerability involving approximately $292 million, Aave, together with multiple crypto institutions, launched the "DeFi United" rescue operation aimed at stabilizing the DeFi market and filling the rsETH collateral gap.
Lido Finance's Lido Labs Foundation proposed allocating up to 2,500 stETH (approximately $5.7 million) to a dedicated rescue tool; EtherFi proposed contributing 5,000 ETH; Aave founder Stani Kulechov committed to donating 5,000 ETH. Aave stated that further commitments will be announced after official confirmation.
In this incident, the attacker minted 116,500 unbacked rsETH, deposited nearly 90,000 of them into Aave as collateral, and borrowed approximately $190 million worth of ETH and related assets, causing Aave's total value locked to evaporate by $10 billion.
Previously, the Arbitrum Security Council froze approximately 30,700 ETH (about $71 million), but the remaining stolen funds have been bridged via Thorchain and converted into Bitcoin, making recovery efforts more complex.