Aave Tightens Listing Standards Following $293 Million rsETH Incident
Aave revised its asset listing standards following the April incident with rsETH, which threatened the project with potential bad debt of hundreds of millions of dollars.Aave is a lending DeFi protocol that allows borrowing and lending of crypto assets with variable and stable interest rates.
Aave Tightens Listing Standards Following $293 Million rsETH Incident
Aave revised its asset listing standards following the April incident with rsETH, which threatened the project with potential bad debt of hundreds of millions of dollars.
Aave Proposes Unified Technical Standard for Asset Listings
Aave Labs published an ARFC proposing a new standardized Technical Asset Listing Framework (TALF) for Aave V3, V4 and Aave Horizon.
Aave Restores Ethereum-Backed Loans Across Six Networks
Aave has reinstated collateral parameters for wETH across six networks, marking the next phase in addressing the aftermath of the April Kelp hack.
Kelp and Aave Begin Asset Recovery After Hack
The protocols Kelp and Aave have commenced the recovery of assets following the April hack amounting to $292 million. Developers plan to return 117,132 rsETH within two weeks.
Arbitrum DAO Approves $70 Million Transfer to DeFi United Fund
The Arbitrum L2 network community has endorsed the transfer of 30,765 ETH, valued at $70 million, to the DeFi United fund.
Aave Liquidates Hacker Kelp’s Positions
The leading lending protocol Aave has liquidated the remaining positions of hacker Kelp in rsETH as part of the approved recovery plan.
Lawyers Reclassify North Korean Hack of Kelp as Credit Fraud
Lawyers for North Korean victims have changed their legal argument in the dispute over 30,766 ETH, which the Arbitrum team froze after the Kelp hack.
Aave Seeks Court Order to Release 30,000 ETH Seized by Hackers
The Aave team filed an emergency motion in a US federal court to lift the freeze on 30,766 ETH blocked by Arbitrum after the Kelp hack.
Arbitrum DAO to Vote on $71 Million Transfer to DeFi United Fund
The governance of the L2 network Arbitrum has initiated a vote on transferring 30,766 ETH (~$71 million) to the DeFi United fund, established to aid the sector's recovery following the Kelp hack.
LayerZero Commits 10,000 ETH to DeFi United Initiative
The omnichain protocol LayerZero has joined the DeFi United initiative. The project will donate a total of 10,000 ETH (~$23 million).
DeFi United Initiative Raises Over $300 Million Following Kelp Hack
The total donations for ecosystem recovery following the attack on Kelp have exceeded 132,704 ETH (over $302 million).
Community Raises Over 100,000 ETH for Aave Recovery
The DeFi United initiative, aimed at aiding the ecosystem's recovery following the attack on Kelp, has raised over 100,000 ETH (~$230 million). This amount nearly covers the damage caused by the hack, which was approximately $290 million.We use cookies to improve the quality of our service.
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