Aave-linked DeFi United unveils rsETH recovery plan after $293M Kelp exploit

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Source: Aave The technical plan follows earlier efforts to secure funding and governance support for the rsETH recovery. On Monday, Consensys and Ethereum co-founder Joe Lubin had joined DeFi United with a commitment of up to 30,000 ETH, while Sharplink, a publicly traded Ethereum treasury company, joined in an advisory role to help structure the recovery plan. Related: Crypto protocols pledge 43K ETH to restore rsETH backing On the same day, Aave Labs had asked the Arbitrum DAO to release 30,765 ETH frozen by the Arbitrum Security Council after the exploit and send the funds to DeFi United. DeFi United secured over $300 million in commitments. Source: DeFi United As of Tuesday, the DeFi United website showed $302.26 million in total raised or committed toward the recovery effort, equal to 132,706.903 ETH, though some commitments remain subject to DAO votes and final execution. Magazine: AI-driven hacks could kill DeFi — unless projects act now

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