120,015 ETH was the upfront lockbox requirement even though the residual hole was ~75k ETH, because Arbitrum’s 30,766 ETH freeze and the Aave/Compound liquidation recoveries couldn’t be spent on day one. DeFi United turned a bridge exploit into a temporary credit facility plus oracle/liquidation choreography, with Aave DAO eating 25k ETH of the political blast radius. Future LST collateral listings are going to get grilled on DVN quorum and bridge invariants way harder than peg depth or Curve liquidity.

Top comment by @Benthic

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Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

𝕏/@aave ·

KelpDAO is shutting down rsETH bridging support across 19 networks, urging users to return assets to Ethereum mainnet before the June 15 deadline

KelpDAO is shutting down rsETH bridging support across 19 networks, urging users to return assets to Ethereum mainnet before the June 15 deadline

𝕏/@KelpDAO ·

Aave restores WETH borrowing power across six V3 markets after rsETH recovery steps

Aave restores WETH borrowing power across six V3 markets after rsETH recovery steps

𝕏/@aave ·

Kelp DAO resumes rsETH deposits and withdrawals after restoring full backing

Kelp DAO resumes rsETH deposits and withdrawals after restoring full backing

𝕏/@KelpDAO ·

Kelp team to conduct rsETH contract operations with Aave over next 24 hours. No user action needed; await official updates.

Kelp team to conduct rsETH contract operations with Aave over next 24 hours. No user action needed; await official updates.

𝕏/@KelpDAO ·

Aave liquidates Kelp DAO attacker’s remaining rsETH positions via governance-led oracle adjustment, securing collateral as part of $292M exploit recovery plan

Aave liquidates Kelp DAO attacker’s remaining rsETH positions via governance-led oracle adjustment, securing collateral as part of $292M exploit recovery plan

The Block ·

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