A crypto coalition releases technical proposal to save Aave users from a massive token exploit
DeFi United proposes a coordinated recovery plan for the Kelp DAO hack, which created 116,500 unbacked rsETH tokens worth $300 million. The coalition plans to restore rsETH backing with committed ETH and systematically unwind bad loans on Aave and Compound. Success requires governance approvals but could stabilize lending markets and recover approximately 13,000 ETH from Aave positions.
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