Kelp DAO completes rsETH recovery plan after $292 million exploit
Kelp DAO has successfully completed its recovery plan following a $292 million exploit related to rsETH. The final batch of rsETH has been transferred to the LayerZero OFT adapter, marking the end of the operational recovery process. Normal protocol activities, including mints and redemptions, have resumed since the exploit incident.
- ▪Kelp DAO sent the final 20,373.72 rsETH batch to the rsETH OFT adapter.
- ▪The exploit occurred on April 18, releasing approximately 116,500 rsETH from Kelp's Ethereum side bridge adapter.
- ▪The recovery plan involved refilling the LayerZero OFT adapter to restore rsETH backing.
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Kelp DAO completes rsETH recovery plan after $292 million exploit The final tranche closes the operational recovery process after Aave and Kelp refilled about 116,000 rsETH into the LayerZero OFT adapter. Share Add us on Google by Estefano Gomez May. 25, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Kelp DAO has completed the main recovery work tied to the rsETH exploit after sending the final 20,373.72 rsETH batch to the rsETH…
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