Aave, a blockchain lending platform, has completed the liquidation of the remaining rsETH position held by an attacker from Kelp DAO, according to The Block. This action is part of the recovery plan previously announced by Aave. The collateral obtained from the liquidation will be transferred to a multi-signature address managed by the DeFi United initiative, called 'Recovery Guardian.' This organization is working on restoring the collateral backing rsETH and compensating affected users. This process marks one of the final stages of the community's efforts to recover from the $292 million loss caused by the vulnerability. Aave previously stated that their liquidation required support from the governance process, specifically noting that Aave voted to temporarily manipulate the rsETH oracle price to absorb losses on the malicious attacker position. Aave assured that all adjustments will be fully restored after the liquidation is complete.

AAVE-0.98%
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