KelpDAO Says rsETH Hack Losses Reduced to About 89,500 ETH

Source
Uk Jin

Summary

  • KelpDAO said the initial losses from the rsETH-related hack totaled 163,200 Ether (ETH).
  • KelpDAO said recovery efforts and external support reduced the losses to about 89,500 Ether.
  • KelpDAO said major projects including Mantle, Ether.fi, Lido and Golem have pledged support for about 43,500 Ether.

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Photo: Screenshot from KelpDAO's X account
Photo: Screenshot from KelpDAO's X account

KelpDAO said it has narrowed losses from a recent major hack and is working to restore funds for rsETH holders.

In a post on X on April 24, the protocol said it has been coordinating with key partners, including Aave, since the April 18 incident.

KelpDAO said the initial loss from the attack totaled 163,200 Ether, but recovery efforts and outside support have cut that figure to about 89,500 Ether.

The protocol said additional recovery will come through industry cooperation. It is in talks with partners to finalize specific support terms, and major projects including Mantle, Ether.fi, Lido and Golem have pledged support covering about 43,500 Ether.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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