Aave Moves rsETH Recovery to Phase II as $71M ETH Return Process Advances

Aave said its rsETH recovery has entered Phase II after progress addressing an exploit affecting Aave V3 on Ethereum and Arbitrum. It reported that eight attacker-linked Aave V3 positions were liquidated on May 6 and the recovered rsETH collateral was sent to the Recovery Guardian, while a separate $71 million ETH return plan proceeds amid court-related restrictions.