Home Gadgets Kelp DAO Completes Recovery of Restaked Ether Token Following Major Hack

Kelp DAO Completes Recovery of Restaked Ether Token Following Major Hack

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Ethereum liquid staking protocol Kelp DAO has completed the restoration of its rsETH token after suffering a $293 million exploit linked to North Korea’s Lazarus Group. The recovery effort involved multiple DeFi protocols under the “DeFi United” initiative to rebuild rsETH backing and restore cross-chain operations.Ethereum liquid staking protocol Kelp DAO has completed the restoration of its rsETH token after suffering a $293 million exploit linked to North Korea’s Lazarus Group. The recovery effort involved multiple DeFi protocols under the “DeFi United” initiative to rebuild rsETH backing and restore cross-chain operations.