DeFi United announces technical solution for rsETH Kelp vulnerability fix, plans to liquidate approximately 107k tokens held by the attacker

robot
Abstract generation in progress

ChainCatcher reports that DeFi United announced a technical fix plan on Tuesday for the cross-chain bridge vulnerability of Kelp DAO rsETH. Previously, an attacker exploited a vulnerability in the LayerZero-powered Unichain to Ethereum bridge, forging inbound data packets to release 116,500 rsETH, of which approximately 107,000 are still distributed as collateral across seven related addresses on Aave and Compound.

DeFi United stated that it has secured enough ETH commitments to support the recovery of rsETH, which will be converted into rsETH in batches and injected into the bridge locking contract. LayerZero Labs pledged over 10,000 ETH on Tuesday to support the repair efforts. Regarding the liquidation of the attacker’s positions, the alliance will execute controlled liquidations through governance proposals on Aave and Compound, expected to recover approximately 13,000 ETH and 16,776 ETH respectively.

During the repair period, WETH and rsETH reserves across multiple chains will remain frozen. DeFi United also warned about execution risks, including governance approval delays, potential interference by attackers, and the need for new security measures to be validated in the production environment.

ETH1.5%
AAVE0.99%
COMP3.21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin