Tag: Recovery

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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...

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin...

Aave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund

The Aave DAO is voting on a proposal to provide funding to restore Kelp DAO's rsETH product backing after an April 18 bridge incident,...

DeFi Platform Volo Hit by $3.5M Vault Attack, Begins Recovery Efforts

Decentralized finance (DeFi) protocol Volo has disclosed a security breach that resulted in the loss of approximately $3.5 million in digital assets, marking the...