coin-img-ETHETH-1.68%coin-img-BTCBTC-0.86%coin-img-SOLSOL-1.94%coin-img-XRPXRP-1.78%coin-img-UFOUFO+5,818.68%coin-img-HOGRUNHOGRUN-48.82%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+1.72%coin-img-ETHETH-1.68%coin-img-BTCBTC-0.86%coin-img-SOLSOL-1.94%coin-img-XRPXRP-1.78%coin-img-UFOUFO+5,818.68%coin-img-HOGRUNHOGRUN-48.82%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+1.72%coin-img-ETHETH-1.68%coin-img-BTCBTC-0.86%coin-img-SOLSOL-1.94%coin-img-XRPXRP-1.78%coin-img-UFOUFO+5,818.68%coin-img-HOGRUNHOGRUN-48.82%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+1.72%coin-img-ETHETH-1.68%coin-img-BTCBTC-0.86%coin-img-SOLSOL-1.94%coin-img-XRPXRP-1.78%coin-img-UFOUFO+5,818.68%coin-img-HOGRUNHOGRUN-48.82%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE+1.72%

DeFi United Details Recovery Plan for rsETH Bridge Incident

DeFi United has outlined a recovery plan to restore backing for 116,500 rsETH that was abnormally released from its Ethereum-side adapter during a bridge incident on April 18, according to Wu Blockchain. The plan calls for using committed ETH funding to refill the affected lockbox and for temporarily adjusting the rsETH oracle price via governance in order to clear positions associated with the exploiter on Aave and Compound. WETH and rsETH markets remain frozen across multiple chains until operations return to normal. CoinDesk reported that more than $300 million has been pledged by Consensys, Lido, EtherFi, and other participants to support the coordinated recovery effort.
AAVE
AAVE+1.88%
ETH
ETH-1.78%
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