Tag: Recovery

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Kelp DAO, Aave Advances rsETH Recovery

Ethereum liquid restaking platform Kelp and decentralized lending protocol Aave have completed a series of steps to restore rsETH backing, including burning the exploiter’s...

Bitcoin Analysts Say This Must Happen for a ‘Durable’ BTC Price Recovery

Bitcoin’s (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm...

ETH Stuck Below $2.4K Despite Wider Crypto Market Recovery

Key takeaways:A sharp fifty percent drop in exchange activity and decentralized application revenue is stalling Ether price growth.Institutional investor interest in Ether remains under...

Drift outlines a recovery plan for users after $295 million DPRK-linked exploit

Drift Protocol announced Tuesday the implementation of a recovery plan for users affected by a $295 million exploit on April 1, which it attributed...

Drift Sets Out Token-Based Recovery Framework for $295M April Exploit

The Solana-based perpetuals exchange will issue burn-on-redeem recovery tokens funded by exchange revenue, a $127.5M Tether commitment, and another $20M from partners.Drift Protocol on...

The bitcoin ETF recovery in flows is real. It is just not complete yet

The 11 U.S.-listed spot bitcoin BTC$79,707.35 exchange-traded funds (ETFs) have now recorded two consecutive months of net inflows in a sign of renewed institutional...

Aave-Linked DeFi United Details rsETH Recovery Plan

The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released...

These Three Bitcoin Charts Say BTC Price Set for Recovery to $82,000

Bitcoin (BTC) has rebounded more than 28% from its February low below $60,000, and a mix of technical, liquidity, and on-chain signals suggests the...

Ethereum Backers Commit 30,000 ETH to rsETH Recovery After Exploit

Consensys and Ethereum co-founder Joe Lubin have joined DeFi United, committing as much as 30,000 ETH to a recovery effort aimed at restoring rsETH...

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination.Aave, one...