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Aave Starts Phase II of rsETH Recovery After Liquidating Attacker Positions
Aave started Phase II of its rsETH recovery after liquidating the attacker’s Aave V3 positions, while $71 million in recovered ETH remains tied up in court. A court permitted the transfer of the restricted assets to Aave LLC, and Aave said it will borrow funds to cover the shortfall until the assets are legally returned. Aave also plans to burn the liquidated rsETH and gradually restore bridge withdrawals and normal operations.