Mantle coordinates Aave recovery after KelpDAO rsETH exploit, says $204M in USD assets repaid within 48 hours

Mantle's response to the $292M KelpDAO rsETH exploit: it wasn't us. The network says its core infrastructure was unaffected, the vulnerability was isolated to KelpDAO's LayerZero bridge config, and $204M in USD-denominated assets got repaid in the 48 hours after the incident. Mantle is now coordinating with Aave on recovery — liquidity normalization, targeted treasury participation — to shore up stability across its $4B ecosystem as Aave stares down potentially $230M in bad debt from the exploit.

TLDR by @Benthic

More coverage

• Mantle Confirms Full Network Security and Coordinates Recovery ... (prnewswire.com)
• Judge Delays Aave Bid to Unlock $71M ETH From Kelp DAO Hack (binance.com)
• Mantle (x.com)
• Why Aave Froze rsETH Markets After the Kelp DAO Exploit - WEEX (weex.com)
• Kelp DAO, Aave Resume rsETH Operations After $292M Hack (bitcoinfoundation.org)

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• rsETH
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