"Stani Kulechov took to X to announce his personal pledge of 5,000 ETH to DeFi United, clarifying that these funds are not from Aave's treasury."
"The KelpDAO exploit on April 18 drained $292 million worth of rsETH, exposing Aave to a significant bad-debt shortfall across its Ethereum and Arbitrum pools."
"Mantle Network's commitment of 30,000 ETH represents the largest single contribution to DeFi United, significantly bolstering the recovery efforts."
"The Arbitrum Security Council acted quickly, freezing 30,766 ETH worth $71 million tied to the exploiter, but additional capital was needed beyond onchain seizures."
Stani Kulechov committed 5,000 ETH to DeFi United, a recovery initiative following the $292 million KelpDAO exploit. Mantle Network pledged 30,000 ETH, raising total recovery pledges to over 43,500 ETH. The exploit affected Aave's collateral markets, necessitating significant capital injections. The Arbitrum Security Council froze 30,766 ETH linked to the exploiter. Other contributors include the Golem Foundation and Golem Factory, which added 1,000 ETH. Lido Finance and Etherfi also expressed support for the initiative, marking a coordinated response in decentralized finance.
Read at news.bitcoin.com
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