Kelp DAO and Aave Resume Operations After $292 Million Exploit

Kelp DAO and Aave have resumed rsETH operations after a $292 million exploit on April 18 attributed to North Korea’s Lazarus Group; Aave incurred roughly $190 million in bad debt. Recovery and mitigation steps include Kelp refilling rsETH tranches, stricter validator and confirmation requirements, burning exploiter-controlled tokens, freezing $72 million by the Arbitrum Security Council, legal action to enable fund transfers, and a DeFi restitution initiative that raised over $300 million in ETH.