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Aave Completes First rsETH Recovery Step as Kelp Plans 117,132 Token Refill

Aave says it burned attacker-held rsETH on Arbitrum, while Kelp states it will refill 117,132 rsETH to the LayerZero OFT adapter over two weeks as governance and fund recovery continue.

ETH
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Fact Check
The core claim - that Aave set a vote for May 15 on a 30,765 ETH transfer for Kelp exploit recovery - is directly and consistently confirmed by two independent primary news sources (CoinDesk and crypto.news, both dated May 12, 2026) and corroborated by multiple secondary sources. The specific figure of 30,765 ETH, the May 15 vote date, the Arbitrum governance mechanism, and the Kelp exploit context all match across sources. The additional detail about completing the first phase of rsETH technical recovery (including burning the attacker's rsETH on Arbitrum) is consistent with the broader recovery narrative described in these sources, though it is less explicitly detailed in the fetched content. No conflicting evidence was found.
Summary

Aave said it has completed the first phase of its rsETH recovery plan by burning the attacker’s rsETH on Arbitrum. Kelp said it will replenish 117,132 rsETH to the LayerZero OFT adapter over the next two weeks, with withdrawals expected to resume within 24 hours of the first refill. The update adds operational detail to a broader recovery effort that also includes an Arbitrum DAO vote scheduled for May 15 on transferring 30,765 ETH to Aave LLC after a court-approved modification allowed onchain voting and transfer of frozen ETH during litigation. Kelp also said it has strengthened its LayerZero settings and is migrating to CCIP. The available material continues to show a naming discrepancy, with the same recovery effort described as both the rsETH incident and the Kelp exploit.

Terms & Concepts
  • rsETH: A crypto asset tied to restaking, typically used across decentralized finance applications and cross-chain systems.
  • LayerZero OFT adapter: A cross-chain token transfer component that helps move assets between blockchains using LayerZero’s messaging system.
  • CCIP: Cross-Chain Interoperability Protocol, a blockchain communication standard designed to support secure data and token transfers across networks.