Kelp DAO was attacked by Lazarus Group on April 18 and repaired over five weeks, rsETH has fully recovered, with the last batch of 20,373.7 tokens transferred into the LayerZero contract, marking the end of the recovery plan. The first batch of 25,000 tokens was transferred on May 13, and withdrawals were opened the next day. The attack caused approximately $190 million in bad debt for Aave, with TVL dropping to about $14 billion, still hovering between $13.9 billion and $15.1 billion. In April, there were a total of 25 hacking incidents, resulting in losses of $630 million.

MarsBitNews

2026-05-26 03:06:25

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Crypto Mars News: Kelp DAO announced on Monday that after losing $293 million in an attack by North Korea's Lazarus Group on April 18, it has fully recovered after five weeks of repair. Kelp DAO stated that the last batch of 20,373.7 rsETH has been sent to the LayerZero smart contract responsible for cross-chain transfers, and the operational part of the rsETH recovery plan has officially concluded. Several crypto protocols contributed funds through the DeFi United initiative to support the recovery of rsETH. The first batch of 25,000 rsETH was transferred on May 13, and withdrawals were reopened the next day. Currently, minting, redemption, and reward operations are all functioning normally. The attack caused a chain reaction in the DeFi lending market, with attackers using a large amount of stolen rsETH as collateral to borrow WETH on Aave, resulting in $190 million in bad debt for Aave. The total value locked (TVL) dropped from $26.4 billion to below $14 billion and has remained between $13.9 billion and $15.1 billion without signs of recovery. In April, there were 25 crypto hacking incidents, with total losses of $630 million.

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QuantitativeButNotPretentious

· 2h ago

Hackers are becoming more professional, and protocol developers must treat security as their lifeline.

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NftsOutsideTheTidalLine

· 6h ago

rsETH has recovered, but I still feel a bit uneasy inside.

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ExitLiquidityStan

· 6h ago

25 hacking incidents, April was simply a disaster month

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Coconut-FlavoredGasFee

· 6h ago

TVL is still fluctuating between 13.9 billion and 15.1 billion; it will take time to restore confidence.

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BlocktimeBarista

· 6h ago

rsETH is finally back, these five weeks of waiting have exhausted me.

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AlmondMilkLiquidator

· 6h ago

Kelp DAO can withstand North Korean hackers; the team's resilience is impressive.

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BalanceScreenshotAfterTheRain

· 6h ago

630 million in monthly losses, this industry's safety infrastructure still has a long way to go

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GateUser-52241ed6

· 6h ago

The first batch of 25k tokens transferred on May 13th, and can be withdrawn the next day. The efficiency is pretty good.

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CrystalBallForSentiment

· 6h ago

Lazarus Group is truly relentless.

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TokenomicsMechanic

· 6h ago

LayerZero contract receives the final batch, and the repair process is quite transparent

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Kelp DAO announces after five weeks of recovery that RsETH has been fully restored following a $293 million hack.

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