Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Aave liquidates 116,500 rsETH from Kelp DAO attacker

Aave liquidates 116,500 rsETH from Kelp DAO attacker

AiCoinAiCoin2026/05/06 22:46
Show original
According to reports, on May 7, Aave liquidated all 116,500 rsETH positions held by the Kelp DAO attacker. As part of the recovery plan, Aave temporarily manipulated the oracle price through a governance vote to complete the forced liquidation. The collateral from the liquidation will be transferred to the Recovery Guardian multi-signature address managed by DeFi United and used to restore the rsETH asset backing and compensate affected users. Currently, DeFi United has raised more than $320 million. On April 28, suspected North Korean hackers exploited a vulnerability in the LayerZero bridge to mint 116,500 rsETH and conducted cross-protocol lending arbitrage.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Citadel warns: Tech stock sell-off is just the first warning sign, AI trading offers "almost no room for error"

The sell-off in tech stocks reflects rising doubts about AI profitability, with Citadel stating that there is very little margin for error in AI trading. Grayscale noted that demand is parabolic, and capital expenditure presents a two-sided risk.

智通财经•2026/10/27 03:08

Daiwa raises Tesla's target price to $390

格隆汇•2026/10/27 02:51
Daiwa raises Tesla's target price to $390

U.S. judge rejects injunction, Novo Nordisk (NVO.US) loses first round in blocking Eli Lilly (LLY.US) weight-loss drug advertisements

On Monday, a U.S. judge dismissed Novo Nordisk's request to prohibit Eli Lilly from continuing to run advertisements for weight-loss drugs. The Danish pharmaceutical company argued that the ads were false and misleading, in a market with annual sales worth tens of billions of dollars.

智通财经•2026/10/27 02:32

Not just SpaceX (SPCX.US) merger! Barclays: Tesla (TSLA.US) has multiple upward drivers, target price set at $450

The market generally believes that if Tesla and SpaceX achieve a merger, it could drive up Tesla's stock price. However, Dan Levy from Barclays believes that the automaker's own business prospects also contain upward momentum, prompting the institution to upgrade Tesla's stock rating from "Neutral" to "Overweight."

智通财经•2026/10/27 02:01
Not just SpaceX (SPCX.US) merger! Barclays: Tesla (TSLA.US) has multiple upward drivers, target price set at $450