Kelp DAO eyes unpausing withdrawals after attackers’ rsETH on Arbitrum is burned
Kelp DAO burned exploiter's 117,132 rsETH tokens worth $278 million following its April hack attributed to North Korea's Lazarus Group. The Ethereum liquid restaking platform will progressively refill rsETH reserves over two weeks via Aave's Recovery Guardian wallet, resuming withdrawals within 24 hours. Enhanced security now requires four independent attestors and 64 block confirmations for bridging operations.
Coins in this story
Explore how Regulation is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Kelp DAO, Aave to resume rsETH operations as recovery from $292 million exploit progresses
Kelp was exploited on April 18 for $292 million from attackers suspected to be part of North Korea's Lazarus Group....
JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan filed to launch JLTXX, a tokenized money market fund on Ethereum for stablecoin issuers to hold reserves in US Treasuries and repos while earning interest. The 0.16% fee is notably low for the asset class. This follows Morgan Stanley's similar offering and reflects Wall Street's push toward blockchain-based tokenization for operational efficiency and regulatory compliance.
XRP tops bitcoin, ether volumes on major South Korean exchanges
XRP leads trading volumes on South Korean exchanges Upbit and Bithumb, surpassing Bitcoin and Ether in KRW pairs—a pattern historically signaling imminent volatility. The token trades near $1.44-$1.45, repeatedly failing to break $1.49-$1.50 resistance since February. Korean traders concentrate activity in this high-beta asset amid cooling local risk appetite, suggesting positioning ahead of potential breakout moves.