Kelp Completes rsETH Recovery Plan After Final 20,373.72 Token Transfer

Kelp said the operational phase of its rsETH recovery plan is complete after transferring the final 20,373.72 rsETH to the rsETH OFT adapter. Over the past two weeks, Kelp and Aave replenished about 116,000 rsETH to the adapter, allowing rsETH minting, redemption, and rewards to resume normal operations. The update comes more than five weeks after the Ethereum liquid staking protocol lost $293 million in a hack that investigators linked to North Korea’s Lazarus Group.

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