Kelp says recovery efforts advancing after exploit, citing Arbitrum fund freeze and SEAL 911 probe as team works with partners toward user-focused resolution

30,766 ETH frozen on Arbitrum works out to roughly 25% of the $292M loss, but the exploiter already routed 75,700 ETH through THORChain and Umbra before the Security Council hit the brakes. The gratitude post dodges the LayerZero fight — both camps blaming each other's DVN defaults for the 1/1 verifier config that Lazarus drove a truck through. rsETH holders looking at 18% of supply unbacked and Aave's market frozen aren't getting made whole by SEAL 911 coordination.

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More coverage

• Kelp DAO Completes Final rsETH Recovery Phase After $292M Hack (intellectia.ai)
• Kelp DAO reopens full rsETH functionality after cross-chain exploit (crypto.news)
• DeFi United Introduces Recovery Plan For RsETH After Kelp DAO ... (crowdfundinsider.com)
• KelpDAO/LayerZero Exploit Drains $290m, Freezes DeFi Markets (galaxy.com)
• Kelp DAO, Aave Resume rsETH Operations After $292M Hack (bitcoinfoundation.org)

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